The article explores the potential of XRP experiencing a price rebound, targeting up to 12% gains. It highlights the recent trends observed in the mean coin age, which had been increasing throughout September. This trend suggests an accumulation phase for XRP, indicating that investors might be starting to hold onto the cryptocurrency longer than before.
The analysis points out the significance of this accumulation trend, as it may be a precursor to a price bounce. Specifically, with selling pressure reportedly having come to an end, the possibility of XRP's price recovery is increasing.
The idea is that these fundamental aspects may support a rally in XRP's price, offering hope to investors who have been waiting for positive movements in the market. While predictions are uncertain, these indicators present a more favorable outlook for XRP in the near future.
