Ripple (XRP) has been experiencing a recent recovery, displaying signs of positive price movement. This upswing is primarily driven by a notable shift in investor sentiment, with many holders adopting a more optimistic view of the altcoin. Such a change in perception is likely to fuel further price increases, potentially pushing XRP toward the $3.00 threshold.

Throughout March, the number of active addresses on the XRP network has remained consistently high, averaging around 363,000. This sustained activity indicates a marked improvement in investor engagement compared to the earlier months of the year. The growth in active addresses underscores stronger backing for the altcoin, as more participants become involved with the network. As demand for XRP rises, this elevated level of interaction may contribute to driving prices to new heights.

The Chaikin Money Flow (CMF) indicator highlights a distinct transformation in investor behavior. Although March commenced with substantial outflows, the trend reversed as funds started flowing back into XRP. This favorable development followed a period of outflows in February, which pointed toward a growing inclination toward accumulation.

Despite fluctuations in market conditions, XRP investors have demonstrated resilience, persistently purchasing the asset even amidst external volatility. The rise in capital inflows suggests that the market is stabilizing, with XRP receiving support from individuals who remain confident about its future prospects. This shift in momentum provides XRP with the potential to expand and maintain its upward trend.

Currently, the price of XRP is trading at $2.48, representing a 22% increase over the previous ten days. The altcoin is now evaluating the resistance level at $2.56, which has historically proven difficult to surpass. Given the favorable market sentiment and heightened investor participation, XRP might succeed in breaking through this resistance.

Should XRP manage to convert the $2.56 resistance into support, the subsequent target would be $3.00. Clearing the $2.95 resistance would open pathways for additional gains, potentially propelling the price toward the $3.00 milestone. The prevailing bullish momentum supports this perspective, as investors seem poised to drive the price upward.

Conversely, should XRP fail to surmount the $2.56 resistance, it might experience a retreat to $2.27. A loss of support at $2.27 would negate the bullish outlook, leading the price to decline to $2.14.

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