Data: XRP approaches $2, but its price and trading volume show an inverse correlation
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Odaily Planet Daily Report XRP price has risen 232% in the past 30 days, and its on-chain indicators also show a positive recovery of XRP. xrpscan data shows that the number of active accounts or independent senders on the XRP network increased from 15,592 on November 1 to 47,044 on November 16. The total number of active accounts in November has doubled on average (up 100%) from around 12,000 to 25,000 this month, and the number of new accounts activated on the XRP ledger has also increased significantly, indicating that a large number of new users are entering the network. The analysis believes that the current target price of XRP may be between $1.95 and $2.05, but it needs to be noted that since November 16, the price and trading volume of XRP have shown an inverse correlation, indicating that XRP is experiencing a distribution phase, and market traders may be seeking to sell.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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