What’s Next for XRP Price After Its 800% Rally? This Is What On-Chain Data Suggests


Social Volume – Sanbase, Courtesy: Santiment

After consolidating below $0.68 for the whole of March, XRP started an upside move on April 4. After days of strong bullish action, XRP surged to multiyear highs of $1.96 before pausing the upside structure. Although the strong price action characterized by Higher Highs, Higher Lows, and strong volume may be hinting at a further bullish continuation. However, XRP price may likely consolidate after the immense bullish action, given that the market may take a moment to digest the recent highs.

XRP MVRV 30 – Sanbase, Courtesy: Santiment

Image Credit: Santiment, Shutterstock

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