The XRP price has been gaining ground against Bitcoin in recent days, suggesting potential market dynamics shifts.
XRP Prices and Market Dynamics
As of writing, XRP was up in its Bitcoin pairing to $0.0000255. Since rebounding from lows of $0.00002345 on February 7, XRP has steadily gained ground, poised to post four consecutive days of gains since February 9.
Growth of XRP Network
According to on-chain data, active wallets for XRP and Ethereum continue to grow, while Bitcoin's are declining. Over the last three weeks, Bitcoin lost around 277,240 non-empty wallets, indicating a decrease in retail activity. Meanwhile, the number of XRPL wallets has surpassed 6.1 million, showing expansion.
Analyst Predictions for XRP
Crypto analyst Ali suggests a massive surge could be in store for XRP if a symmetric triangle pattern breakout is validated. Currently, XRP is up 0.81% to $2.44. If the price falls below $2.26, bears may prevail, leading to a drop to $1.90.
Despite lackluster overall market performance, XRP is showing solid growth and network expansion, indicating positive potential for the cryptocurrency.
