{"id":317290,"date":"2023-05-31T05:00:44","date_gmt":"2023-05-30T23:30:44","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=317290"},"modified":"2025-09-16T11:53:53","modified_gmt":"2025-09-16T06:23:53","slug":"xrp-registers-gains-is-a-bull-run-imminent","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/xrp-registers-gains-is-a-bull-run-imminent\/","title":{"rendered":"Gains for XRP &#8211; A rally in the making?"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">XRP\u2019s daily active addresses registered a massive uptick in the last two days.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">The sentiment around XRP also improved, as did its volume and MVRV Ratio.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Ripple [XRP]<\/span><span style=\"font-weight: 400;\"> recently outshone other altcoins as it decoupled from the ongoing market trend. According to<\/span> <a href=\"https:\/\/coinmarketcap.com\/currencies\/xrp\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, XRP\u2019s price went up by over 8% over the last week. In the last 24 hours alone, XRP\u2019s price increased by over 4%. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of writing, the token was trading at $0.5004 with a market capitalization of over $23 billion, making it the sixth largest crypto by market cap.\u00a0<\/span><\/p>\n<h3><strong>XRP network activity soars<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Not only did the token\u2019s price action turn bullish, but activity on the network registered a massive spike of late. Santiment\u2019s tweet revealed that the blockchain\u2019s daily active addresses increased sharply.<\/span><\/p>\n<p><a href=\"http:\/\/ambcrypto.com\/chatgpt-xrp-price-prediction-10\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">XRP<\/span><\/a><span style=\"font-weight: 400;\"> witnessed its second-largest address activity day of all time, with more than 490,000 addresses interacting on the network. Last time, such a massive increase in activity was noted in March. After the past increase, the token\u2019s price rallied by over 45%.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\ude2e <a href=\"https:\/\/twitter.com\/hashtag\/XRPNetwork?src=hash&amp;ref_src=twsrc%5Etfw\">#XRPNetwork<\/a> has now had its 2nd &amp; 3rd largest address activity spikes of all time these past 2 days. A mild +4% decoupling has emerged between <a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$XRP<\/a> &amp; the <a href=\"https:\/\/twitter.com\/hashtag\/altcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#altcoin<\/a> pack, and if history repeats itself from the March 18th activity spike, it could be more. <a href=\"https:\/\/t.co\/601m4SYUOy\">https:\/\/t.co\/601m4SYUOy<\/a> <a href=\"https:\/\/t.co\/AF8k4qtPQv\">pic.twitter.com\/AF8k4qtPQv<\/a><\/p>\n<p>&mdash; Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1663349921205088257?ref_src=twsrc%5Etfw\">May 30, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3><strong>Will history repeat itself?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">A look at XRP\u2019s on-chain metrics suggested that the possibility of the past repeating itself was high. The recent uptrend was backed by a massive surge in trading volume. The token\u2019s MVRV Ratio was also considerably high. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">XRP\u2019s 1-week price volatility has shot up lately, further increasing the chances of a continued surge. In addition to that, the token\u2019s Binance funding rate was green, reflecting its demand in the derivatives market.\u00a0<\/span><\/p>\n<figure id=\"attachment_317291\" aria-describedby=\"caption-attachment-317291\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRP-XRP-15.58.54-30-May-2023.png\"><img decoding=\"async\" class=\"wp-image-317291 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRP-XRP-15.58.54-30-May-2023.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRP-XRP-15.58.54-30-May-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRP-XRP-15.58.54-30-May-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRP-XRP-15.58.54-30-May-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRP-XRP-15.58.54-30-May-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRP-XRP-15.58.54-30-May-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRP-XRP-15.58.54-30-May-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-317291\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Sentiment around<\/span> <a href=\"http:\/\/ambcrypto.com\/xrp-settlement-a-turning-point-in-us-crypto-regulations\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">XRP<\/span><\/a><span style=\"font-weight: 400;\"> also seemed to have improved over the last week. The token\u2019s weighted sentiment went up, indicating that confidence in the token was increasing. Likewise, its social volume rose as well.\u00a0<\/span><\/p>\n<figure id=\"attachment_317292\" aria-describedby=\"caption-attachment-317292\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRP-XRP-16.00.34-30-May-2023.png\"><img decoding=\"async\" class=\"wp-image-317292 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRP-XRP-16.00.34-30-May-2023.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRP-XRP-16.00.34-30-May-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRP-XRP-16.00.34-30-May-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRP-XRP-16.00.34-30-May-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRP-XRP-16.00.34-30-May-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRP-XRP-16.00.34-30-May-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRP-XRP-16.00.34-30-May-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-317292\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read<\/span> <a href=\"http:\/\/ambcrypto.com\/predictions\/ripple-price-prediction\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Ripple&#8217;s [XRP] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\"> 2023-24<\/span><\/p>\n<hr \/>\n<h3><strong>The bulls are taking over<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">XRP\u2019s daily chart revealed that the bulls were gaining the upper hand in the market. For instance, the MACD displayed a bullish edge in the market. The token\u2019s Exponential Moving Average (EMA) Ribbon displayed a bullish crossover as well. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the Relative Strength Index (RSI) was hovering around the overbought zone. If it enters that spot, selling pressure on<\/span> <a href=\"http:\/\/ambcrypto.com\/as-ripple-case-nears-resolution-xrp-whales-ramp-up-accumulation\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">XRP<\/span><\/a><span style=\"font-weight: 400;\"> might increase. Additionally, the Chaikin Money Flow (CMF) also registered a downtick, which is a bearish signal.\u00a0<\/span><\/p>\n<figure id=\"attachment_317293\" aria-describedby=\"caption-attachment-317293\" style=\"width: 1814px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRPUSDT_2023-05-30_16-06-09.png\"><img decoding=\"async\" class=\"wp-image-317293 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRPUSDT_2023-05-30_16-06-09.png\" alt=\"\" width=\"1814\" height=\"778\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRPUSDT_2023-05-30_16-06-09.png 1814w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRPUSDT_2023-05-30_16-06-09-300x129.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRPUSDT_2023-05-30_16-06-09-1024x439.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRPUSDT_2023-05-30_16-06-09-768x329.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/XRPUSDT_2023-05-30_16-06-09-1536x659.png 1536w\" sizes=\"(max-width: 1814px) 100vw, 1814px\" \/><\/a><figcaption id=\"caption-attachment-317293\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>XRP\u2019s price increased by more than 4% in the last 24 hours. Market indicators were bullish and suggested a further uptrend.\u00a0<\/p>\n","protected":false},"author":75,"featured_media":317294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,55,4,20],"tags":[],"class_list":["post-317290","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-xrp-ripple-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gains for XRP - A rally in the making? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Ripple [XRP] recently outshines the other altcoins as it decouples from the on-going market trend and registered gains.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/xrp-registers-gains-is-a-bull-run-imminent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gains for XRP - A rally in the making? - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"XRP\u2019s price increased by more than 4% in the last 24 hours. 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