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

XRP 价格本月可能触及 1 美元的 3 大原因！首先出现在 Coinpedia 金融科技新闻上

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 的价格并不好，它是最被低估的代币，并且再次开始挤压利润。在 Ripple 与 SEC 诉讼的关键判决之后，该代币一直是表现最好的资产之一，但未能突破 1 美元的里程碑。尽管多头努力扭转看跌趋势，但缺乏一些动力，导致过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 价格会进入 0.4 美元以下的长期盘整区域，还是即将出现看涨反弹？

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，由于投资者似乎对年度收盘价持乐观态度，市场反应积极，并显示出显着的强劲势头。与此同时，在价格出现一定上涨后，代币面临一些看跌行动，可能是为了缓解抛售压力而不是积累。 XRP 价格似乎遵循与技术面相同的策略，链上指标表明即将快速上涨。

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 价格继续保持看涨以及良好上升趋势即将到来的三大原因。

Whales are capitalizing on the falling prices

鲸鱼正在利用价格下跌的机会

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. 

持续的价格变化导致价格下跌基本上是由于散户投资者将注意力从代币上转移了。 XRP 成为前 10 名中最大的输家，但企业投资者或鲸鱼继续购买 XRP。链上数据显示，持有1000万至10亿XRP的钱包累计余额总计166亿XRP，飙升至168亿。 2000万的跃升意味着他们利用了价格下跌的机会。

A huge rise in large transactions

大额交易大幅上升

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，连续几个月的大额交易改善了市场流动性。随着价格的下跌，大宗交易数量猛增，录得113笔成交，为7月31日以来的最高水平。这种上涨有助于提高市场的流动性和深度，进而使投资者能够轻松买卖而不会出现大幅滑点。流动性的增加可能会进一步吸引大量交易者、投资者和鲸鱼。

Media hype surrounds the XRP price

媒体炒作围绕 XRP 价格

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. 

最后，在代币波动中发挥关键作用的市场情绪似乎有利于多头。随着价格下跌，交易员将注意力从狗狗币和柴犬身上转移了。链上数据显示，在拒绝 0.72 美元后，XRP 的社会主导地位从 3.86% 下降至 1.5%。主导地位（即提及总数）下降。这表明市场已跌至局部底部，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. 

随着交易接近 0.6 美元附近的关键支撑位，这些水平的小幅回调可能会在未来几周内产生重大影响。此外，百万富翁鲸鱼被发现购买 XRP，这可能是该资产的转折点。然而，未来几周可能被认为是改变市场情绪的关键，这可能会进一步推动 XRP 价格上涨。