Over the past week, the price of XRP's native token Ledger has fallen more than 3%, but a prominent cryptocurrency analyst recently suggested that the outlook through 2025 is extremely bullish.
analyst Ari Martinez on microblogging platform X In a series of posts shared by more than 100,000 followers, he presented a price chart showing that #XRP is experiencing a big price move as the popular technical analysis tool Bollinger Bands compresses asset prices.
In another post, Martinez presented a bullish price move and suggested it was one of the most promising setups, pointing to a falling wedge pattern that is widely interpreted as a harbinger of a possible $11 bounce in XRP, according to the analyst.
As reported by CryptoGlobe, #blockchain data showed that the cryptocurrency's value #rose more than 310% after Republican candidate Donald Trump won the U. S. presidential election as XRP wallets,
data from analytics company Sentiment, which uses the 'Total Holders' metric to track the number of addresses on a particular blockchain network with non-zero balances, shows that the surge in the number of XRP wallets was 18 and continues today.
The company's data shows that over the past two years, the number of XRP wallets with non-zero balances rose 28% to 5.75 million, #bitcoin rose 27% to 54.9 million, and ether rose 47% to 134.9 million.
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