The XRP price rises 10% in a week as long -term holders reduce sales

• The new XRP addresses reach a maximum of two weeks of 3,677.
• The vitality metric falls to 0.81, indicating lower sales pressure.
• The RSI in 60.10 indicates a strong purchase impulse

XRP has registered an impressive 10% increase during the last week, quoting $ 2.32 at the time of writing this article.

The increase is produced in the midst of a broader recovery of the market, as merchants return and long -term holders withdraw from sales.

Fountain: Coinmarketcap

Market data suggests that new tickets and the reduction of sales pressure are the key drivers behind the last XRP impulse.

If current trends continue, Token could soon try higher price levels, although volatility risks persist.

As the main cryptocurrencies stabilize, XRP’s relative strength could position it as one of the Altcoins to take into account in the coming weeks.

The new XRP addresses reach a maximum of two weeks, promoting market activity

Glassnode data They reveal that the number of new XRP addresses increased to a maximum of two weeks of 3,677 on April 28.

This increase indicates a growing interest on the part of new participants, since the new capital tickets support the XRP price movement.

An increase in newly created addresses often indicates a greater market activity, which can add more stability to the ascending trajectory of an asset.

The growing number of new addresses suggests that XRP is attracting not only investors in existing cryptocurrencies but also new participants to the market, expanding its user base during this recovery phase.

Along with this, the fall of the Livess Metriciness of XRP to 0.81, the lowest since December 1, indicates that long -term headlines (LTH) are refraining from transferring or selling their tokens.

A decreasing vitality score generally reflects a greater conviction between holders, which suggests a more resistant XRP market structure today.

XRP holders show confidence in the middle of lower sales pressure

The behavior of the XRP LTH has played an important role in the action of the token price.

The LTH, defined as addresses that contain XRP for more than 155 days, have significantly reduced their sales activity during the last week.

This reduction in the sale pressure provides an environment conducive to price profits, reinforcing the uphill impulse of the asset.

Historically, lower vitality levels have coincided with periods of greater price performance, since the lowest circulation of tokens is often in a lower supply pressure in the market.

The recent fall to 0.81 underlines even more the growing confidence among investors that XRP could maintain their rebound.

If this trend continues, XRP’s capacity to retain the interest of long -term investors could become a key factor that drives the future performance of prices.

The XRP RSI rises to 60 and seeks resistance at $ 2.29

Technical indicators also point to a positive feeling. XRP’s Relative Force Index (RSI) has risen to 60.10 in the daily chart, confirming the upward impulse.

The RSI tracks the purchase and sale force, varying from 0 to 100. Normally, the readings greater than 70 indicate overcompra conditions, while the levels below 30 suggest that the asset is oversight.

In 60.10, XRP remains in a strong purchase phase, although not yet in overcompra territory.

If the purchase pressure persists and XRP exceeds its current resistance at $ 2.29, analysts suggest that it could rise to the $ 2.50 mark in the short term.

The sustained interest of the new participants combined with the constant confidence of existing shareholders could play a fundamental role in maintaining the impulse.

However, if sales activity resumes, XRP runs the risk of recovering recent profits, with a possible decrease towards the support level of $ 1.99.

Merchants are closely monitoring these levels to evaluate the next significant movement.