Ripple (XRP), the price of Ripple, is likely to have exhausted the pessimistic mood noted over the last few days.
Future XRP investors will either hold onto their assets, or try to start a purchasing spree in order to avoid a negative outcome.
Ripple Investors Exhibit Patience
The price of XRP is going down It was to be expected as it followed a pattern of bearishness. Investors have shown their resilience in refusing to sell. The indicator of the network realized loss/profit shows that investors have suffered losses as a result of the recent price drop.
These situations are often followed by HOLDING or accumulation. The extent of the losses are such that the investors would rather not participate in the network than increase their losses.
![Ripple Network Realized Profit/Loss.](https://beincrypto.com/wp-content/uploads/2024/04/XRP-Ledger-XRP-19.40.11-17-Apr-2024-850x288.png.webp)
Click Here to Read More Ripple and SEC: What you need to know
The Mean Coin Age indicator (MCA), which measures the average age of all coins in a cryptocurrency network, further confirms this resilience. The average age of coins within a network is represented by this indicator. This indicator provides an insight into the level of activity and market potential in a network.
![Ripple Mean Age Coin](https://beincrypto.com/wp-content/uploads/2024/04/XRP-Ledger-XRP-19.41.50-17-Apr-2024-850x288.png.webp)
This indicator shows that investors are HOLDING their assets. The decline indicates that they may be selling them. XRP can be moved between addressesThis is a potential sale. Investors will be compelled to take a bullish stance, driving the price up.
Price prediction for XRP: Beating the Bears
XRP price drawdown The pattern of descending triangles was bearish. The pattern predicted a 25% correction, which could have brought the Ripple to $0.42. The altcoin stopped its fall at $0.47.
Altcoins are currently trading at $0.48, 13% higher than the predicted bearish target. XRP is just 13% from regaining the critical support level of $0.60.
![XRP/USDT 1-day chart.](https://beincrypto.com/wp-content/uploads/2024/04/tNrh3YO5-850x380.png.webp)
The likely outcome, based on the factors above, is bullish. The price of XRP is rising by 13 percentIt could potentially push it even further if it were able to reclaim $0.60.
Click Here to Read More Prices of Ripple (XRP), 2024, 2025 and 2030
If the $0.47 support is not maintained, a 13% drop would occur, invalidating both the bullish and descending triangle thesis.
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