The significant change in the behavior of holders will push the price of XRP up to 3 dollars.

Recently, XRP has been showing clear signs of recovery with a positive upward price trend. The main driving force behind this growth comes from a shift in investor sentiment, as more and more XRP holders express a more optimistic outlook.

This positive trend may continue to push the price of XRP higher, with a target approaching the $3.00 mark in the near future.

The investor sentiment towards XRP is turning positive

The number of active addresses on the XRP network remained high throughout March, averaging 363,000 addresses. This is a clear signal of a significant increase in investor interest and participation compared to January and February.

The increase in the number of active addresses reflects a stronger confidence in XRP, as more and more investors join the network. The continued demand for XRP could be a driving factor pushing its price to new highs.

XRP activity address | Source: SantimentThe Chaikin Money Flow indicator (CMF) also recorded a significant change in investor behavior. Although March started with strong capital outflows, this trend reversed as funds returned to XRP. This reversal occurred after a month of significant withdrawals in February, indicating that investors are starting to accumulate again.

Despite the market fluctuations, XRP investors maintain their confidence and continue to increase their holdings. The growing influx of capital is a positive sign, indicating that the market is stabilizing and being supported by investors who are optimistic about the long-term potential of XRP. This shift in momentum could set the stage for XRP to continue its growth trajectory in the near future.

XRP CMF Indicator | Source: TradingView## XRP price is facing an important resistance level

Currently, the price of XRP is trading at $2.48, marking a 22% increase over the past ten days. However, XRP is facing a significant resistance level at $2.56, a price that this altcoin has failed to conquer multiple times before.

If XRP can successfully break through and convert the resistance level of $2.56 into support, the next target will be $3.00. A break above the resistance level of $2.95 will open up opportunities for subsequent bullish phases, with the outlook aiming towards the $3.00 mark. The current bullish momentum, along with active participation from investors, is reinforcing this optimistic scenario.

XRP Price Analysis | Source: TradingViewHowever, if XRP cannot break through the $2.56 resistance level, the coin may face corrective pressure down to $2.27. In the event of losing this support level, the bullish trend will be invalidated, pushing the price down to $2.14.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct thorough research before making decisions. We are not responsible for your investment decisions.

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Mr. Teacher

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