bullish

when

The market conditions have become less favourable for the bulls as the <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">XRP price</a> is unable to reach $1.5, which happens to be one of the crucial resistances. Meanwhile, the XRP holders continue to remain in profit as they booked nearly $2 billion in gains as the price surged to a three-year high. Besides, the on-chain data suggests profit-taking has reached a peak this week of over $1.9 billion, the highest since 2021, which could raise some concerns for the next price action.&nbsp;   
However, the rally appears to be consolidated, indicating a quick rebound could be fast approaching as the number of traders on the platform has been constantly growing.   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdXB4LSMtVScIA2BUpyJ0zSKYSwWtCMQBVZAoAnL7dGM4fw__yk6KnCOhE0vIu7VpkinVWDiD_t_L914_xn2fyWskJ-ZYM8kYD3pUoEmsm7ySt7cUXqP0fPZeH3EgHVTtPL5P8j?key=_4lf3Bk5-sy2X-PmXBFHRGNy" alt="">
 <figcaption class="wp-element-caption">
 Source: <a href="https://charts.coinmetrics.io/crypto-data/?config=JTdCJTIybmFtZSUyMiUzQSUyMiUyMiUyQyUyMnB1YmxpYyUyMiUzQXRydWUlMkMlMjJraW5kJTIyJTNBJTIybmMlMjIlMkMlMjJjb250ZW50JTIyJTNBJTdCJTIyY29uZmlnJTIyJTNBJTdCJTIyc2VsZWN0aW9ucyUyMiUzQSU3QiUyMmFzc2V0cyUyMiUzQSU1QiU3QiUyMmlkJTIyJTNBJTIyYnRjJTIyJTJDJTIyaXNJbkNoYXJ0JTIyJTNBdHJ1ZSU3RCUyQyU3QiUyMmlkJTIyJTNBJTIyZXRoJTIyJTJDJTIyaXNJbkNoYXJ0JTIyJTNBZmFsc2UlN0QlMkMlN0IlMjJpZCUyMiUzQSUyMnhycCUyMiUyQyUyMmlzSW5DaGFydCUyMiUzQWZhbHNlJTdEJTJDJTdCJTIyaWQlMjIlM0ElMjJsaW5rJTIyJTJDJTIyaXNJbkNoYXJ0JTIyJTNBZmFsc2UlN0QlMkMlN0IlMjJpZCUyMiUzQSUyMnhsbSUyMiUyQyUyMmlzSW5DaGFydCUyMiUzQWZhbHNlJTdEJTJDJTdCJTIyaWQlMjIlM0ElMjJ1c2R0JTIyJTJDJTIyaXNJbkNoYXJ0JTIyJTNBZmFsc2UlN0QlMkMlN0IlMjJpZCUyMiUzQSUyMnVzZHRfZXRoJTIyJTJDJTIyaXNJbkNoYXJ0JTIyJTNBZmFsc2UlN0QlMkMlN0IlMjJpZCUyMiUzQSUyMnVzZHRfdHJ4JTIyJTJDJTIyaXNJbkNoYXJ0JTIyJTNBZmFsc2UlN0QlMkMlN0IlMjJpZCUyMiUzQSUyMmx0YyUyMiUyQyUyMmlzSW5DaGFydCUyMiUzQWZhbHNlJTdEJTJDJTdCJTIyaWQlMjIlM0ElMjJkb2dlJTIyJTJDJTIyaXNJbkNoYXJ0JTIyJTNBZmFsc2UlN0QlMkMlN0IlMjJpZCUyMiUzQSUyMmFkYSUyMiUyQyUyMmlzSW5DaGFydCUyMiUzQWZhbHNlJTdEJTJDJTdCJTIyaWQlMjIlM0ElMjJzaGliJTIyJTJDJTIyaXNJbkNoYXJ0JTIyJTNBZmFsc2UlN0QlMkMlN0IlMjJpZCUyMiUzQSUyMnNvbCUyMiUyQyUyMmlzSW5DaGFydCUyMiUzQWZhbHNlJTdEJTVEJTJDJTIybWV0cmljcyUyMiUzQSU1QiU3QiUyMmlkJTIyJTNBJTIyUHJpY2VVU0QlMjIlMkMlMjJpc0luQ2hhcnQlMjIlM0FmYWxzZSU3RCUyQyU3QiUyMmlkJTIyJTNBJTIyU3BseUFkckJhbFVTRDEwTSUyMiUyQyUyMmlzSW5DaGFydCUyMiUzQWZhbHNlJTdEJTJDJTdCJTIyaWQlMjIlM0ElMjJBZHJBY3RDbnQlMjIlMkMlMjJpc0luQ2hhcnQlMjIlM0F0cnVlJTdEJTJDJTdCJTIyaWQlMjIlM0ElMjJTcGx5QWRyVG9wMTAwJTIyJTJDJTIyaXNJbkNoYXJ0JTIyJTNBZmFsc2UlN0QlMkMlN0IlMjJpZCUyMiUzQSUyMlNwbHlBY3RFdmVyJTIyJTJDJTIyaXNJbkNoYXJ0JTIyJTNBZmFsc2UlN0QlMkMlN0IlMjJpZCUyMiUzQSUyMlNwbHlBZHJUb3AxUGN0JTIyJTJDJTIyaXNJbkNoYXJ0JTIyJTNBZmFsc2UlN0QlMkMlN0IlMjJpZCUyMiUzQSUyMkNhcE1WUlZDdXIlMjIlMkMlMjJpc0luQ2hhcnQlMjIlM0FmYWxzZSU3RCUyQyU3QiUyMmlkJTIyJTNBJTIyQWRyQmFsMWluMUtDbnQlMjIlMkMlMjJpc0luQ2hhcnQlMjIlM0FmYWxzZSU3RCUyQyU3QiUyMmlkJTIyJTNBJTIyQWRyQmFsTnR2MU1DbnQlMjIlMkMlMjJpc0luQ2hhcnQlMjIlM0FmYWxzZSU3RCUyQyU3QiUyMmlkJTIyJTNBJTIySGFzaFJhdGUlMjIlMkMlMjJpc0luQ2hhcnQlMjIlM0FmYWxzZSU3RCUyQyU3QiUyMmlkJTIyJTNBJTIyQ2FwTVZSVkZGJTIyJTJDJTIyaXNJbkNoYXJ0JTIyJTNBZmFsc2UlN0QlMkMlN0IlMjJpZCUyMiUzQSUyMlJldkFsbFRpbWVVU0QlMjIlMkMlMjJpc0luQ2hhcnQlMjIlM0FmYWxzZSU3RCU1RCUyQyUyMmF4aXMlMjIlM0ElNUIlNUQlN0QlN0QlMkMlMjJleHRyYSUyMiUzQSU3QiUyMmNoYXJ0T3B0aW9ucyUyMiUzQSU3QiUyMmNoYXJ0VHlwZSUyMiUzQSUyMmxpbmUlMjIlMkMlMjJzY2FsZVR5cGUlMjIlM0ExJTJDJTIyc3RhY2tNb2RlJTIyJTNBJTIybm9uZSUyMiUyQyUyMm1vdmluZ0F2ZyUyMiUzQTAlMkMlMjJpbnRlcnBvbGF0aW9uVHlwZSUyMiUzQTAlMkMlMjJ6b29tUmFuZ2UlMjIlM0ElNUIxNzAzMjg5NjAwMDAwJTJDMTcxOTg3ODQwMDAwMCU1RCUyQyUyMmRhdGElMjIlM0ElN0IlMjJ0eXBlJTIyJTNBJTIyZm9ybXVsYSUyMiUyQyUyMmluaXRpYWxEYXRhJTIyJTNBJTVCJTdCJTIybmFtZSUyMiUzQSUyMkJUQyUyMCUyRiUyMEFkZHJlc3NlcyUyQyUyMGFjdGl2ZSUyQyUyMGNvdW50JTIyJTJDJTIyY29kZSUyMiUzQSUyMkJUQy5BZHJBY3RDbnQlMjIlMkMlMjJjb2xvciUyMiUzQSUyMiUyM2U2MTk0YiUyMiUyQyUyMmRpc3BsYXlNb2RlJTIyJTNBJTIybGVmdCUyMiU3RCU1RCU3RCU3RCU3RCUyQyUyMnZlcnNpb24lMjIlM0E2JTdEJTdE" target="_blank" rel="noreferrer noopener nofollow">Coinmetrics</a>
 </figcaption>
</figure>   
The active address count underwent a parabolic recovery and surged magnificently since the start of the month and reached levels above 92K. This suggests a huge rise in the trading activity, which has kept up the volatility of the token with a decent rise in the trading volume. Besides, the rise in whale activity suggests the token has more room to swell as the accumulation has reached its peak.&nbsp;   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfoGlDZHV9Rc8pDV0Yl0wCmvYFecJNM38aPi-xFw0imdf9XQyj74RjaAaV8mZCfMISpw_AlmWz4wSU3fZ24IPwdelqmTKCWwO-i2m5ydRs4kQJl85D2J70aJ8mhO0xuLcpgiX8wyA?key=_4lf3Bk5-sy2X-PmXBFHRGNy" alt="">
 <figcaption class="wp-element-caption">
 Source: <a href="https://charts.coinmetrics.io/crypto-data/?config=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" target="_blank" rel="noreferrer noopener nofollow">Coinmetrics</a>
 </figcaption>
</figure>   
The above chart shows the address count of the wallets holding over 1 million XRP tokens. The levels maintained a decent rise since the start and witnessed a steep rise in the past week. This suggests the platform remained active largely due to the whales, which suggests the price could undergo a fresh rise and head towards new highs. The XRP price rally is accumulating strength above the gains, indicating another 30% rise could be underway.&nbsp;   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdSvcUW5aULMUbyygZV_5G_K9_D12R7_uMLt0Aj8D8FaNsw_mHQZbEA5N1AUFtH7F5CZw-G4QoVW7oVq7AfBso1LpWwtJUix1zaWWT_MIroE8CL68fByrTzgn1y3tFN0b6z8jXp?key=_4lf3Bk5-sy2X-PmXBFHRGNy" alt="">
</figure>   
The XRP price rally suggests the price is preparing for the next bullish action, as it has been doing since the rebound from the levels below $0.5. The price rose by over 30% and was later consolidated for a while within a tight range. Currently, the price appears to have reached the end of the consolidation and could trigger a fresh rise anytime from now. On the other hand, the volume plunged hard, and after experiencing an extreme squeeze, the levels are expected to explode, causing a notable rise in the buying pressure.&nbsp;   
This could be when the XRP price rally could get triggered and rise by another 30% to reach levels close to $2.&nbsp;

XRP Price Prediction 2024: XRP Price Juggling Between Pivotal Range-Here’s When it May Break Out

CoinPedia News

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