XRP price plunges 17% before explosive rebound: Bulls eye $3.2 resistance – BitRss

• The XRP ($3.08) price action was bearish, but on-chain metrics indicated that accumulation was underway.
• XRP might not succeed in overcoming the $3.2 resistance this week, but was making progress toward this goal.

Ripple [XRP] is up by 518% since November. These vast gains for a token that was already considered a large-cap coin have attracted increased attention and adoption.

The rising number of addresses on the XRP Ledger pointed toward steady growth and increased confidence in the network.

XRP rebounds 17% from local lows