Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

US Banking Authority knew the path for crypto services at National Banks

2025-05-13

Will Deg Price reach $ 1?

2025-05-13

XRP -price recovers profit, but retains its bullish structure

2025-05-13
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Tron and Ethereum fight for the USDT top position

    2025-05-13

    Stargate brings Cronos closer to the future of Omnichain

    2025-05-13

    Abu Dhabi launches a large project with Agile Dynamics for quantum -safe blockchain

    2025-05-13

    Zimbabwe is turning into blockchain to breathe new life into the trust of the carbon credit of carbon credit

    2025-05-13

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    US Banking Authority knew the path for crypto services at National Banks

    2025-05-13

    SEC chairman atkins repeats himself to overhaul crypto rules, promises to end ‘Regulation by enforcement’

    2025-05-12

    ‘Bond King’ Jeffrey Gundlach calls a catalyst who can cause an interest rate this year

    2025-05-11

    Concern about Trump’s conflict of interest slows down the progress of a broader crypto policy

    2025-05-10

    The German police interrupt $ 38,260,000 in crypto from Exchanges in the midst of allegations. The exchange has been washed bybit funds

    2025-05-10
  • Analysis

    XRP -price recovers profit, but retains its bullish structure

    2025-05-13

    Hyperliquid affects $ 6 billion in open interest while Bitcoin tests $ 105k near price discovery

    2025-05-13

    Cardano (ADA) Dips: Temporary correction or start of deeper movement?

    2025-05-13

    The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

    2025-05-13

    Can the resistance crush and re -design the rally?

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Could a huge bull run be in store?
Altcoins

Could a huge bull run be in store?

2024-09-03No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • XRP experienced a 3% price increase in early September, leading to bullish sentiment among analysts.
  • Despite the positive outlook, declining active addresses raise questions about the sustainability of this rally.

After a significant drop in August with Ripple [XRP] falling to a low of $0.43 on August 5, the asset appears to be on a different course as September begins.

In recent days, XRP has shown signs of recovery and is currently trading at $0.5668, marking an increase of 3% in the last 24 hours. This price increase offers investors some optimism, especially after the bearish trend at the end of August.

A huge bull run on the horizon?

Several crypto analysts have shared their views on XRP’s recent price action discussions about the potential future movements of the asset.

In particular, Javon Marks, a well-known crypto analyst, highlighted the similarities between XRP’s current price movements and the patterns observed before the massive 57,000% increase in 2017-2018.

Marks suggested that XRP could be on the cusp of another significant upswing, one not seen in the past six to seven years.

XRP chart shared by Javon MarksXRP chart shared by Javon Marks

Source: Javon Marks on X

So does another analyst, known by the pseudonym ‘Dark Defender’ shared an optimistic view on XRP. In his recent analysis, he pointed out that XRP is consolidating within a tight range between $0.6649 and $0.3917 for an extended period.

Dark Defender highlighted the importance of the $0.6649 level, which is above the weekly Ichimoku cloud – an important technical indicator in predicting future price movements.

Source: Dark Defender on XSource: Dark Defender on X

Source: Dark Defender on X

According to him, breaking this level could signal the start of a significant bull run for XRP, potentially pushing the asset towards the Fibonacci level of $18.22 in Wave 3 of the Elliott Wave Theory.

See also  Altcoin Market Outlook: Solana (SOL) price up 870% - here's the timeline

Fundamental view of XRP

While the technical outlook seems promising, XRP’s fundamental analysis presents a more complex picture. Facts van Santiment has shown a notable decline in XRP active addresses in recent weeks.

Source: SantimentSource: Santiment

Source: Santiment

After a peak of over 105,000 on August 11, the number of active addresses has fallen to approximately 80,200 as of today. This decrease in the number of active addresses could indicate a reduction in user engagement or trading activity, which could put downward pressure on the price of XRP in the short term.

On the other hand, XRP’s open interest – a measure of the total number of derivative contracts outstanding – has risen slightly. to rise by 2.50% to $615.46 million.

Source: CoinglassSource: Coinglass

Source: Coinglass


Read Ripple’s [XRP] Price forecast 2024-25


However, open interest volume, which reflects the total trading volume in these contracts, fell 12.52% to $721.51 million.

The increase in open interest coupled with a decline in trading volume may indicate that while more contracts are being opened, market participants may be cautious and may anticipate volatility or significant price movement in the near future.

Next: Crypto investment products in trouble? The $305 million outflow is causing alarm

Source link

Bull Huge run store
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Will Deg Price reach $ 1?

2025-05-13

Sui surpasses Solana with $ 11.7 million inflow – more upside down?

2025-05-13

Bitcoin is confronted with key resistance after 10% rally

2025-05-13

Cardano: As whaling rises, does Ada see a potential increase?

2025-05-13
Add A Comment

Comments are closed.

Top Posts

Telegram Cyber ​​Attack PSA and How to Protect Yourself!

2024-04-10

Twitter is dead. Meet the ‘X’ app.

2023-07-25

Bitcoin price consolidates rally and is poised to soar towards $45K

2023-12-07
Editors Picks

Bitcoin to $80,000, Dogwifhat to $7 and Fantom to $1? Analyst shares ‘realistic goals’

2024-10-01

Phoenix and Wasabi are leaving the US market as authorities clamp down on self-custody portfolios

2024-04-29

Dash (DASH) Price Prediction 2024 2025 2026 2027

2024-02-07

Uniswap (UNI) surges 12% as project announces new Ethereum (ETH) Layer-2 focused on DeFi

2024-10-12

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

US Banking Authority knew the path for crypto services at National Banks

Will Deg Price reach $ 1?

XRP -price recovers profit, but retains its bullish structure

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,656.691.09%
  • ethereumEthereum(ETH)$2,566.573.27%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.54-2.08%
  • binancecoinBNB(BNB)$655.18-1.45%
  • solanaSolana(SOL)$175.690.57%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.232216-0.23%
  • cardanoCardano(ADA)$0.80-2.16%
  • tronTRON(TRX)$0.268065-2.46%
  • suiSui(SUI)$4.001.66%
  • chainlinkChainlink(LINK)$16.84-0.07%
  • avalanche-2Avalanche(AVAX)$24.850.40%
  • stellarStellar(XLM)$0.307062-5.23%
  • shiba-inuShiba Inu(SHIB)$0.000016-2.25%
  • hedera-hashgraphHedera(HBAR)$0.210096-3.63%
  • hyperliquidHyperliquid(HYPE)$25.222.80%
  • the-open-networkToncoin(TON)$3.31-3.32%
  • piPi(PI)$1.147.88%
  • bitcoin-cashBitcoin Cash(BCH)$403.99-1.13%
  • unus-sed-leoUNUS SED LEO(LEO)$8.631.61%
  • polkadotPolkadot(DOT)$5.03-1.62%
  • litecoinLitecoin(LTC)$101.000.54%
  • moneroMonero(XMR)$336.640.31%
  • pepePepe(PEPE)$0.0000142.79%
  • bitget-tokenBitget Token(BGB)$4.73-0.02%
  • daiDai(DAI)$1.000.02%
  • ethena-usdeEthena USDe(USDE)$1.000.05%
  • uniswapUniswap(UNI)$6.84-1.16%
  • bittensorBittensor(TAO)$457.941.48%
  • nearNEAR Protocol(NEAR)$3.140.06%
  • aptosAptos(APT)$5.82-0.79%
  • aaveAave(AAVE)$226.263.38%
  • okbOKB(OKB)$53.87-2.00%
  • kaspaKaspa(KAS)$0.1228543.13%
  • ondo-financeOndo(ONDO)$1.01-1.46%
  • ethereum-classicEthereum Classic(ETC)$19.940.65%
  • internet-computerInternet Computer(ICP)$5.66-2.58%
  • mantleMantle(MNT)$0.800.37%
  • crypto-com-chainCronos(CRO)$0.1012811.71%
  • render-tokenRender(RENDER)$5.18-0.42%
  • gatechain-tokenGateToken(GT)$21.70-0.29%
  • vechainVeChain(VET)$0.030514-3.15%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.250572-3.49%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.86-1.74%
  • ethenaEthena(ENA)$0.393474-1.16%
  • usd1World Liberty Financial USD(USD1)$1.00-0.23%
  • arbitrumArbitrum(ARB)$0.430897-2.17%
  • filecoinFilecoin(FIL)$3.08-1.99%
  • algorandAlgorand(ALGO)$0.237837-3.39%
  • bitcoinBitcoin(BTC)$103,656.691.09%
  • ethereumEthereum(ETH)$2,566.573.27%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.54-2.08%
  • binancecoinBNB(BNB)$655.18-1.45%
  • solanaSolana(SOL)$175.690.57%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.232216-0.23%
  • cardanoCardano(ADA)$0.80-2.16%
  • tronTRON(TRX)$0.268065-2.46%
  • suiSui(SUI)$4.001.66%
  • chainlinkChainlink(LINK)$16.84-0.07%
  • avalanche-2Avalanche(AVAX)$24.850.40%
  • stellarStellar(XLM)$0.307062-5.23%
  • shiba-inuShiba Inu(SHIB)$0.000016-2.25%
  • hedera-hashgraphHedera(HBAR)$0.210096-3.63%
  • hyperliquidHyperliquid(HYPE)$25.222.80%
  • the-open-networkToncoin(TON)$3.31-3.32%
  • piPi(PI)$1.147.88%
  • bitcoin-cashBitcoin Cash(BCH)$403.99-1.13%
  • unus-sed-leoUNUS SED LEO(LEO)$8.631.61%
  • polkadotPolkadot(DOT)$5.03-1.62%
  • litecoinLitecoin(LTC)$101.000.54%
  • moneroMonero(XMR)$336.640.31%
  • pepePepe(PEPE)$0.0000142.79%
  • bitget-tokenBitget Token(BGB)$4.73-0.02%
  • daiDai(DAI)$1.000.02%
  • ethena-usdeEthena USDe(USDE)$1.000.05%
  • uniswapUniswap(UNI)$6.84-1.16%
  • bittensorBittensor(TAO)$457.941.48%
  • nearNEAR Protocol(NEAR)$3.140.06%
  • aptosAptos(APT)$5.82-0.79%
  • aaveAave(AAVE)$226.263.38%
  • okbOKB(OKB)$53.87-2.00%
  • kaspaKaspa(KAS)$0.1228543.13%
  • ondo-financeOndo(ONDO)$1.01-1.46%
  • ethereum-classicEthereum Classic(ETC)$19.940.65%
  • internet-computerInternet Computer(ICP)$5.66-2.58%
  • mantleMantle(MNT)$0.800.37%
  • crypto-com-chainCronos(CRO)$0.1012811.71%
  • render-tokenRender(RENDER)$5.18-0.42%
  • gatechain-tokenGateToken(GT)$21.70-0.29%
  • vechainVeChain(VET)$0.030514-3.15%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.250572-3.49%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.86-1.74%
  • ethenaEthena(ENA)$0.393474-1.16%
  • usd1World Liberty Financial USD(USD1)$1.00-0.23%
  • arbitrumArbitrum(ARB)$0.430897-2.17%
  • filecoinFilecoin(FIL)$3.08-1.99%
  • algorandAlgorand(ALGO)$0.237837-3.39%