XRP Decouples From Bitcoin as Network Expands: Details

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Well, well, well! It seems XRP has decided to don its best party hat and dance away from Bitcoin, like a teenager at a school dance who just spotted their crush. In recent days, XRP has been strutting its stuff, climbing to a dazzling $0.0000255 in its Bitcoin pairing. Who knew a decimal could be so exciting? 🎉

After a dramatic rebound from the depths of $0.00002345 on February 7, XRP has been on a hot streak, spending six out of seven days in the green. It’s like the little engine that could, chugging along while Bitcoin sits in the corner, sulking. And guess what? It’s on track for four consecutive days of gains since February 9. Someone get this coin a trophy! 🏆

Meanwhile, the broader crypto market is about as lively as a sloth on a Sunday afternoon, but XRP’s network is expanding like a teenager’s appetite at an all-you-can-eat buffet. Talk about independent momentum! đŸ’Ș

According to the ever-reliable on-chain data from Santiment (which sounds like a fancy spa for crypto), both XRP and Ethereum are seeing a surge in active wallets, while Bitcoin is losing them faster than I lose my keys. In the last three weeks, Bitcoin has shed around 277,240 non-empty wallets. Ouch! That’s a lot of retail activity taking a permanent vacation. Meanwhile, XRP is racking up wallets like they’re PokĂ©mon cards, surpassing 6.1 million. Gotta catch ’em all! đŸ„ł

Now, let’s talk numbers. According to XRPL Services, the XRP Ledger is currently home to 6,148,640 accounts holding a staggering 62,548,555,242 XRP. And just for fun, there are 3,503 accounts with a zero balance. I guess they’re just there for moral support? đŸ€·â€â™‚ïž

XRP to $15?

In a twist that would make even the most seasoned soap opera writer proud, crypto analyst Ali has hinted at a potential surge for XRP if a symmetrical triangle pattern breakout is validated. Yes, you heard that right—a triangle! “If this is a symmetrical triangle, XRP has broken out and is targeting $15,” Ali tweeted. I mean, who doesn’t love a good geometric reference in their financial predictions? 📈

As of now, XRP is up 0.81% to $2.44, which is like finding a dollar in your old coat pocket amid the recent market lull. Since February 4, XRP has been playing below the daily moving average of 50 at $2.63, but the bulls are holding strong above $2.26. It’s a tightrope walk between $2.26 and $2.54, with bulls and bears eyeing each other like rivals at a family reunion. If it dips below $2.26, the bears might just take over, and we could see XRP tumble to the major support level of $1.90. Yikes! đŸ˜±

On the flip side, if XRP breaks and closes above the daily SMA 50, it’s like the bulls have finally absorbed the supply and are ready to charge ahead. That could pave the way for a potential leap to $2.91, where the bears are likely waiting with their picnic baskets. 🍉

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2025-02-13 17:11