- XRP is currently trading near to its 1 month low at around ₹36
- It is now in the accumulation phase for the past week with prices moving between ₹35 to ₹38
The token is building positive momentum due to the following reasons:
- Increase in network growth with the daily active addresses rising by 15% since last 2 weeks to 74,393 active users
- Mean coin age has risen by 11% since 1 week, consecutive for 7 days suggesting bullish action from long-term holders appear to have stopped selling
- Rumors of a positive outcome in the near future of the ongoing legal battle between the US SEC and Ripple since Dec 2020
Note: This is not an investment advice and we highly recommend that you do your own research
