According to the data analytics platform, the current market structure for XRP is showing a striking resemblance to that of February 2022. A clear look into the chart reveals that active investors over the weekly to monthly timeframe window are now accumulating strongly, suggesting that bullish sentiment is returning toward the token.
Why You Should Be A Patient Holder Of The AssetShould this accumulation persist, the action is likely to lay the groundwork for another push higher. However, some investors remain skeptical about another upward move, especially to a new all-time high.
Bird stated that these kinds of assets only occur once in a lifetime, while encouraging investors to seek more insights about the token. This is because most people only become aware of them after the shift has already taken place.
