Summary
TLDR: Ripple price needs to break out of sub-bearish trend, but investors are not optimistic. Network growth is declining, active addresses are at a low, and bullish reversal pattern may fail. If XRP crosses breaking point, it could see a 26.31% rally. Always consult with a professional before making financial decisions.
Key Points
1. Ripple price needs to break out of the ongoing sub-bearish price action that has kept the altcoin restricted for months now.
2. The best shot for XRP is to validate this bullish reversal pattern, but looking at investors’ behavior, it may not happen soon.
3. Ripple Investors Need to Be Optimistic – Ripple price is already bearing the brunt of the broader market bearish cues, and to make things worse, the investors are not acting bullish either. XRP holders have been slowly but surely pulling away from the asset.