XRP Surges, Bitcoin Wallets Decline

XRP, the native cryptocurrency of the Ripple network, has been decoupling from Bitcoin in recent days, signaling a potential shift in market dynamics. At the time of writing, XRP was up in its Bitcoin pairing to $0.0000255, marking a significant gain from its lows of $0.00002345 on February 7. Since then, XRP has spent six out of seven days in the green in its Bitcoin pairing and is poised to post four consecutive days of gains since February 9.

Even as the broader crypto market faces lackluster price action, XRP's network continues to expand, demonstrating independent momentum. According to on-chain data from Santiment, XRP and Ethereum have seen continuous growth in active wallets, while Bitcoin has been declining. Over the last three weeks, Bitcoin has lost around 277,240 non-empty wallets, indicating a decrease in retail activity. In contrast, XRP's growth is evident, with the number of XRPL wallets surpassing 6.1 million, indicating growth.

According to data from XRPL Services, a popular XRP Ledger explorer, the account count on XRP Ledger currently stands at 6,148,640. These accounts hold 62,548,555,242 XRP, with accounts with a zero balance numbering 3,503.

XRP to $15? Ali, a crypto analyst, has hinted at the possibility of a massive surge for XRP if a symmetrical triangle pattern breakout on its charts is fully validated. "If this is a symmetrical triangle, XRP has broken out and is targeting $15," Ali wrote in a recent tweet. At press time, XRP was up 0.81% to $2.44 amid the recent lull on the markets.

Since February 4, XRP has been trading below the daily moving average of 50 at $2.63; nonetheless, the bulls have managed to retain the price above $2.26. This has resulted in a tight range between $2.26 and $2.54, reflecting hesitation among bulls and bears. If the price falls below $2.26, it indicates that bears have taken control, and