- XRP has remained in the $0.6 price zone.
- The RSI has maintained a very bullish trend in recent days.
Ripple [XRP] has recently seen a price increase, which is positively impacting other aspects of market dynamics.
While the number of XRP holders has yet to increase significantly, existing holders are experiencing a noticeable improvement in their investment value.
Ripple is on its turf
XRP has shown resilience in maintaining its position in the $0.6 price range since peaking around July 17, according to a daily timeframe analysis by AMBCrypto.
Furthermore, XRP prices have fluctuated between gains and declines in recent days.
On July 24, XRP saw a significant increase of 3.40%, to around $0.61, compared to a starting session price of around $0.59.
However, these gains were short-lived as by the end of trading on July 25, it had fallen by more than 3% and returned to the $0.59 range. The price has risen to around $0.6, which represents a slight increase of just over 1%.
Source: TradingView
At the time of writing, the short-term moving average (yellow line) and the long-term moving average (blue line) stood at around $0.54 and $0.49 respectively as support levels.
Additionally, the configuration of the moving averages indicated that the yellow line remained below the blue line. Still, a slight upward trend in the yellow line indicated an improvement in short-term momentum.
This could signal an upcoming bullish crossover if the trend continues. The crossover would be a positive signal for further upward movement in the price of XRP.
The number of holders remains stable
Despite XRP’s recent developments, the total number of holders has remained relatively stable.
According to the data, at the beginning of the month, when the XRP price was around $0.4, there were approximately 5.23 million holders. According to the latest figures, this number has increased slightly to approximately 5.25 million.
XRP profits are increasing
XRP’s profit offering, as analyzed by AMBCrypto via Santiment data, have shown a significant reaction to the recent price movements.
Read Ripple’s [XRP] Price forecast 2024-25
Earlier this month, there was a dramatic increase in the offering’s win rate, from about 66% to over 86%.
Source: Santiment
As of July 24, this measure rose even further to over 87%, the highest point since April. At the time of writing, the profit offering stood at 86%, which translates to approximately 86 billion XRP tokens in profit.
