XRP Price Sees Short-Term Pullback Amid Strong On-Chain Activity and Support Levels

Main Idea
XRP's price is experiencing a temporary pullback after a significant rally, supported by strong on-chain activity and technical indicators suggesting potential for future gains.
Key Points
1. XRP's price has retraced slightly to $3.44, a 3% dip after a 70% rally in July, but remains above key support levels.
2. Technical indicators like exponential moving averages ($2.80-$3.00) and a bullish RSI suggest resilience and potential for further growth.
3. On-chain data shows robust network utility, with over 1.35 million payments recorded on July 21.
4. XRP faces minimal resistance until the $4.00 level, with potential to target $5.00 if bullish momentum continues.
5. Investor sentiment remains balanced, with sustained volume and EMA support being key factors to watch for future growth.
Description
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