#Crypto Market Rebound#

Ripple has risen by 5% in the last 24 hours. This has brought temporary relief to investors from the recent price drop.
The growth of Ripple reflects an overall improvement in the cryptocurrency market. However, on-chain data indicates trends specific to XRP. These may further contribute to its recovery.
One of the key indicators of the current shift has been the purchase/sale ratio of XRP in the futures market. Yesterday, the ratio closed in the green zone. According to CryptoQuant, this is the first time since July 10 and confirms a likely positive shift in market sentiment.
Values above one indicate a predominance of purchases, while below indicates a predominance of sales. In the case of Ripple, there is a decrease in selling pressure in the futures market. This indicates a weakening of bearish sentiment among traders. If the trend continues, it could support price growth.
Another important trend is the sustainable decline in the liveliness metric for XRP since the beginning of August. According to Glassnode, the figure on August 3 was 0.8150, down from 0.8152 recorded on August 1. The indicator tracks the movement of previously dormant tokens. Its decline indicates that long-term holders, usually the most resilient market participants, are moving or selling their coins less frequently. This may suggest that profit-taking is slowing down and key holders are returning to accumulation after a period of selling.
A decrease in sell-offs and an increase in interest in the futures market may help Ripple stay above $3 in the near term. If accumulation strengthens, the altcoin could rise to $3.22. A successful breakout of this level could lead to a rally up to $3.33. Failure could result in a price drop to $2.87 and a resumption of the downward trend.