XRP (XRP) Seems Determined to Strike Out Some of Its Losses

XRP seems determined to strike out some of its losses, if signals found by AMBCrypto are to be believed. If this happens, the price of the token

XRP price has shown a downward trend recently, but some signals indicate that it may rise soon. According to data from cryptocurrency analytics platform Santiment, XRP price may retest or surpass $0.50.

The first signal comes from the average investment age indicator (MDIA). Simply put, MDIA measures the average of tokens weighted by purchase price.

If the indicator falls, it means that previously stagnant tokens are returning to circulation. However, a rising MDIA line indicates that holders are avoiding increased trading activity.

At press time, XRP's 90-day MDIA has risen to 2,083, indicating that transactions on the blockchain are lower than normal. This shows that the chances of XRP being included in the bull run are increasing.

If the indicator continues to rise, the XRP price may no longer experience a significant correction. XRP price was $0.48 at press time. This represents a 22.62% decline in the last 90 days.

Another factor that could affect the XRP price is the ongoing litigation involving the US Securities and Exchange Commission (SEC). Although the token no longer has a “securities” issue, the case is not over yet.

If the court asks Ripple to pay a fine, the token price could drop even further. But if the blockchain payment company wins the argument, the price of the cryptocurrency could skyrocket.

XRP adoption is falling but searches are rising

Despite the potential for a price increase, Ripple's Network Growth has not followed. Network Growth measures the number of new addresses interacting with a blockchain.

When the indicator increases, it means a project has received a lot of attention. However, as XRP has fallen on this, it shows that token adoption has become a very difficult problem to achieve.

If the indicator drops again, it may be difficult for XRP to reach $0.50. Despite this, sentiment around the token remained bullish.

AMBCrypto discovered this after reviewing Weighted Sentiment. Weighted Sentiment arrives at an indicator by analyzing online comments about a project.

A negative indicator shows that the average comment is in a downward trend. As of this writing, the indicator has jumped into positive territory, indicating that XRP demand may begin to recover.

Furthermore, Social Volume around the cryptocurrency has improved. This means that Ripple native token search is increasing.

XRP may be heading higher given the rising sentiment and token search. However, if the market continues to go through a correction phase, the price prediction may be invalidated.

News source：https://www.kdj.com/cryptocurrencies-news/articles/xrp-xrp-determined-strike-losses.html

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