The cryptocurrency market has been subject to fluctuations in recent months, but analysis suggests that XRP may be undergoing a significant trend shift.
A supertrend buy signal on the daily chart indicates a change from bearish to bullish sentiment, with a breakout above $1.55 potentially leading to further price increases.
In addition to the technical indicator, large holder accumulation is also contributing to the shift in sentiment. According to Santiment, total holdings of wallets with 10 million to 100 million XRP rose by over 360 million XRP in a week, indicating increased buying activity.