📢 Gate廣場 #MBG任务挑战# 發帖贏大獎活動火熱開啓!
想要瓜分1,000枚MBG?現在就來參與,展示你的洞察與實操,成爲MBG推廣達人!
💰️ 本期將評選出20位優質發帖用戶,每人可輕鬆獲得50枚MBG!
如何參與:
1️⃣ 調研MBG項目
對MBG的基本面、社區治理、發展目標、代幣經濟模型等方面進行研究,分享你對項目的深度研究。
2️⃣ 參與並分享真實體驗
參與MBG相關活動(包括CandyDrop、Launchpool或現貨交易),並曬出你的參與截圖、收益圖或實用教程。可以是收益展示、簡明易懂的新手攻略、小竅門,也可以是現貨行情點位分析,內容詳實優先。
3️⃣ 鼓勵帶新互動
如果你的帖子吸引到他人參與活動,或者有好友評論“已參與/已交易”,將大幅提升你的獲獎概率!
MBG熱門活動(帖文需附下列活動連結):
Gate第287期Launchpool:MBG — 質押ETH、MBG即可免費瓜分112,500 MBG,每小時領取獎勵!參與攻略見公告:https://www.gate.com/announcements/article/46230
Gate CandyDrop第55期:CandyDrop x MBG — 通過首次交易、交易MBG、邀請好友註冊交易即可分187,500 MBG!參與攻略見公告:https://www.gate.com/announcements
XRP Price Prediction- Bulls Target $17 Next As Active Addresses Surge 41% And Open Interest Hits ATH
XRP price is rising today, July 18, after registering a 7% gain in 24 hours to trade at $3.43 with daily trading volumes of $23 billion as the level of market interest towards the token increases. The ongoing gains have enabled XRP to move past a major resistance that has been preventing meaningful gains for the last eight months, suggesting that a move towards $17 might occur soon.
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XRP Price Gears for 480% Rally to $17
Retail traders are shifting towards XRP to avoid missing out on the ongoing rally, and the resulting surge in buying pressure has allowed the price to gain above the resistance of a bull flag. Based on the height of the flag pole in this pattern, the XRP price might register a rally of more than 480% in the coming months that pushes it above $17 if retail buyers do not reach a point of exhaustion.
The rally that is beginning above the resistance of this bullish flag seems strong based on the ADX indicator, which is changing its course to tip north following a drastic drop in the last six months. This indicator is now showing that the rise in price might continue and could result in a 480% increase to $17.
Additionally, the rising RSI also shows that buying pressure is higher than the selling pressure, and this might support another rally, considering that the value of 69 shows that a bullish momentum is currently in play.
XRP/USDT: 1-Week Chart (Source: TradingView)This bullish XRP price forecast depicted above comes amid growing speculation that the GENIUS Act will fuel gains for XRP. The positive change in US crypto regulations that is expected to happen in the coming months might be among the factors that drive the next bullish run for this altcoin.
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XRP Active Addresses Surge, Open Interest Peaks
The number of daily XRP addresses has risen in the last 24 hours, which shows that there is a massive surge in interest from investors, which might turn into buying pressure that drives a recovery. According to Santiment data, these addresses increased from 58,000 to 82,000 within a day.
XRP Daily Active Addresses (Source: Santiment)This surging demand is also in the open interest metric, which is now above $11 billion after increasing by 12% within 24 hours. This open interest is now at a record high, as the funding rate also rises, to show that traders who are speculating on the future performance are opening new positions as bullish predictions on XRP price emerge.
In conclusion, the XRP price rally might still be in its early stages despite the recent rally to the highest level in seven years. The rally pushed XRP out of resistance in a bull flag pattern, and as the level of interest in this altcoin increases, it is possible that the price rallies to $17.
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Frequently Asked Questions (FAQs)
XRP price could reach $17 after confirming a breakout from a bull flag pattern, suggesting that a 480% surge is likely to happen.
XRP could sustain its rally if the buying pressure remains strong and the sentiment in the broader market remains bullish.
The rising active addresses will likely have a bullish effect on the XRP performance as the level of retail interest grows.
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