In the Crypto Assets market, XRP has performed exceptionally well today, bringing new hope to long-term supporters. This rise is not just a short-term Fluctuation, but rather a breakthrough after long-term accumulation.



Looking back at the development of XRP in the past two years, despite achieving some progress in fundamentals, such as winning the legal lawsuit against the U.S. Securities and Exchange Commission ( SEC ) and making strides in institutional applications, its coin price performance has remained relatively flat. In the context of the rise of emerging tokens like Solana, PEPE, and WIF, XRP has at times appeared somewhat marginalized.

However, today's market trend has completely changed this situation. XRP not only rebounded but also led the entire Crypto Assets market. Although there were no clear positive news driving it, there are several key factors worth noting:

First, there has been a change in the flow of market funds. In the context of continuous fluctuations in the prices of Bitcoin and Ethereum, investors are starting to shift their attention towards traditional Crypto Assets with relatively lower valuations.

Secondly, the on-chain activity of XRP has明显增加. The rise in the number of transfer transactions and active wallet addresses suggests that investors are quietly positioning themselves.

Finally, from a technical analysis perspective, XRP has broken through the long-term resistance level of 3 dollars, and this breakout triggered a buy signal for programmatic trading systems.

Overall, XRP's strong performance today is not a coincidence but an inevitable result of long-term accumulation. This rebound may indicate that XRP is repositioning itself in the Crypto Assets market, and it is worth investors' continued attention on its subsequent developments.
XRP9.45%
SOL3.44%
PEPE4.55%
WIF4.7%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Share
Comment
0/400
AirdropDreamBreakervip
· 2h ago
Is this little rise worth bragging about?
View OriginalReply0
MetaMisfitvip
· 3h ago
A true bull coin is indeed different!
View OriginalReply0
MultiSigFailMastervip
· 5h ago
Don't rush, that old b from the SEC is coming again.
View OriginalReply0
WalletManagervip
· 08-05 03:17
On-chain data has long buried the big pump signal. Newbies who don't understand should stay away.
View OriginalReply0
GasFeeBarbecuevip
· 08-04 20:51
Bull wow finally waiting for it to da moon
View OriginalReply0
MetaMaximalistvip
· 08-04 20:50
predictable market behavior... network effects theory in action tbh
Reply0
AirdropSweaterFanvip
· 08-04 20:42
Finally, my coin is To da moon, haha!
View OriginalReply0
FlashLoanPrincevip
· 08-04 20:40
xrp is still the eternal god!
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)