The post Top 3 Reasons Why XRP Price Could Hit $1 This Month! appeared first on Coinpedia Fintech News

XRP 價格本月可能觸及 1 美元的 3 大原因！首先出現在 Coinpedia 金融科技新聞上

Everything is not fine with the XRP price, which is the most underrated token and has again begun to squeeze out the profits. The token, which has been one of the top-performing assets after the crucial judgment in the Ripple vs. SEC lawsuit, failed to surpass the milestone at $1. Although the bulls tried hard to reverse the bearish trend, they fell short of some momentum, which led to a drastic fall in the past seven to ten days. 

XRP 的價格並不好，它是最被低估的代幣，並且再次開始擠壓利潤。在 Ripple 與 SEC 訴訟的關鍵判決之後，該代幣一直是表現最好的資產之一，但未能突破 1 美元的里程碑。儘管多頭努力扭轉看跌趨勢，但缺乏一些動力，導致過去七到十天大幅下跌。

Will the XRP price enter its prolonged consolidation zone below $0.4, or is a bullish rebound on the cards?

XRP 價格會進入 0.4 美元以下的長期盤整區域，還是即將出現看漲反彈？

It is worth noting that the markets are responding positively and showing significant strength as investors appear to be optimistic about the yearly close. Meanwhile, after a certain rise in the price, the tokens are facing some bearish action, probably to ease the selling pressure without accumulating them. The XRP price appears to be following the same strategy as the technicals, and the on-chain indicators point towards a fine rise that is fast approaching. 

值得注意的是，由於投資者似乎對年度收盤價持樂觀態度，市場反應積極，並顯示出顯著的強勁勢頭。同時，在價格出現一定上漲後，代幣面臨一些看跌行動，可能是為了緩解拋售壓力而不是累積。 XRP 價格似乎遵循與技術面相同的策略，鏈上指標顯示即將快速上漲。

Here are the top 3 reasons why the XRP price continues to remain bullish and why a fine ascending trend is fast approaching. 

以下是 XRP 價格持續保持看漲以及良好上升趨勢即將到來的三大原因。

Whales are capitalizing on the falling prices

鯨魚正在利用價格下跌的機會

The ongoing price variations causing a drop in prices are basically due to retail investors shifting their focus away from the token. XRP emerged as the biggest loser in the top 10, but corporate investors or whales continued to buy XRP. the on-chain data shows that the wallets holding 10 million to 1 billion XRP held a total of 16.6 billion XRP in their cumulative balances, which soared to 16.8 billion. A jump of 20 million implies that they capitalized on the falling prices. 

持續的價格變化導致價格下跌基本上是由於散戶投資者將注意力從代幣上轉移了。 XRP 成為前 10 名中最大的輸家，但企業投資者或鯨魚繼續購買 XRP。鏈上數據顯示，持有1,000萬至10億XRP的錢包累計餘額總計166億XRP，飆升至168億。 2000萬的躍升意味著他們利用了價格下跌的機會。

A huge rise in large transactions

大額交易大幅上升

Secondly, the months of large transactions have improved market liquidity. As the prices dropped, the number of large transactions soared, recording 113 transactions, the highest since July 31st. This rise contributes to the liquidity and depth of the market, which in turn makes investors easily buy or sell without substantial slippage. The increased liquidity may further attract high-volume traders, investors, and whales. 

其次，連續幾個月的大額交易改善了市場流動性。隨著價格的下跌，大宗交易數量激增，錄得113筆成交，為7月31日以來的最高水準。這種上漲有助於提高市場的流動性和深度，進而使投資者能夠輕鬆買賣而不會出現大幅滑點。流動性的增加可能會進一步吸引大量交易者、投資者和鯨魚。

Media hype surrounds the XRP price

媒體炒作圍繞 XRP 價格

Lastly, the market sentiments, which play a pivotal role in the volatility of the token, appear to have been in favour of the bulls. As the price dropped, the traders diverted their attention from Dogecoin and Shiba Inu. The onchain data suggests that the XRP’s social dominance dropped from 3.86% to 1.5% after its rejection of $0.72. A drop in dominance, which is the total number of mentions. This indicates that the markets have dropped to the local bottom, attracting swing traders who may re-enter the market. 

最後，在代幣波動中發揮關鍵作用的市場情緒似乎有利於多頭。隨著價格下跌，交易員將注意力從狗狗幣和柴犬身上轉移了。鏈上數據顯示，在拒絕 0.72 美元後，XRP 的社會主導地位從 3.86% 下降至 1.5%。主導地位（即提及總數）下降。這表明市場已跌至局部底部，吸引了可能重新入市的波段交易者。

As the trade is approaching the crucial support levels close to $0.6, a minor pullback of these levels may have a major impact in the coming weeks. Besides, the millionaire whales are spotted buying XRP, which could be a turning point for the asset. However, the upcoming weeks can be considered pivotal to change the market sentiments which may further fuel the XRP price rally. 

隨著交易接近 0.6 美元附近的關鍵支撐位，這些水平的小幅回檔可能會在未來幾週內產生重大影響。此外，百萬富翁鯨魚被發現購買 XRP，這可能是該資產的轉捩點。然而，未來幾週可能被認為是改變市場情緒的關鍵，這可能會進一步推動 XRP 價格上漲。