XRP Army Rejoices: Ripple Surpasses 7M Wallets as Price Shows Buy Signal
XRP dips below $3, but analysts say it could be a buy-the-dip chance as XRP Ledger surpasses 7 million accounts.
Crypto Laddin
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The XRP Ledger has crossed 7 million active accounts, marking a significant milestone for Ripple’s ecosystem. Meanwhile, XRP’s price slipped below $3, sparking debate among analysts about whether this is a bearish sign or a prime buy-the-dip opportunity.
Popular analyst Ali Martinez highlighted that the TD Sequential indicator suggests bearish exhaustion, even after XRP fell from its recent $3.20 peak to just under $3. According to Martinez, this could precede a recovery phase.
While some users disagreed, ERGAG CRYPTO partially supported the view, noting that as long as XRP doesn’t close below $3 on the daily or 3-day chart, it remains “set for takeoff.”
On another front, CRYPTOWZRD pointed out that XRP/USD showed indecisive closes, but the XRP/BTC pair is maintaining a symmetrical triangle. If confirmed, this pattern could send XRP toward its all-time high of $3.65.
Beyond price charts, fundamentals add strength to the narrative. XRPScan data shows over 7 million wallets now hold at least one XRP. This steady growth underscores rising adoption and could influence long-term investor confidence.
In conclusion, while short-term uncertainty persists, the expanding XRP ecosystem keeps investor optimism alive.
