After rebounding from an 11-month low following last Friday’s crash, XRP has been trading sideways, showing little price movement. 

However, on-chain indicators suggest that a bullish breakout may be on the horizon, as market participants appear to be interpreting the token’s lackluster performance over the past few days as a buying opportunity.

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XRP Traders Quietly Buying

Readings from the XRP/USD daily chart show that the altcoin has oscillated within a narrow range over the past four trading sessions. Since October 11, Ripple’s XRP has faced resistance at $2.6208, while finding support at $2.3820.

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While its price remains flat, the Chaikin Money Flow (CMF) is trending upward, signaling underlying demand. As of this writing, the momentum indicator rests above the zero line at 0.10, pointing to an XRP accumulation trend among market participants.

The CMF indicator measures how money flows into and out of an asset. When it rises above the zero line, it indicates that buying pressure outweighs selling pressure. Conversely, readings below zero reflect stronger selling pressure, implying distribution.

What makes XRP’s current situation noteworthy is that the CMF is rising while its price remains flat. This divergen

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Author: Abiodun Oladokun