Following a drop to $1.61 on April 7, XRP holders have been increasing their accumulation of the digital asset, resulting in a rise in its value over the week. Currently, XRP is trading at $2.19, marking a seven-day high and technical indicators suggest further potential for gains.

A golden cross has appeared on XRP's MACD indicator, signaling a potential long-term uptrend. This indicates a shift in sentiment towards optimism, with buying pressure surpassing selling pressure, drawing more investors and raising prices. The golden cross formation on April 11 reinforces the positive outlook for XRP, showing a sustained upward trend.

Moreover, the positive Chaikin Money Flow (CMF) further supports the bullish sentiment by indicating strong buying pressure compared to selling pressure. With the CMF currently above the center line at 0.07, it implies capital inflow into XRP, indicating accumulation and possible price growth.

XRP has been maintaining an uptrend since April 7, trading above an ascending trend line, indicating ongoing buying interest and momentum favoring the bulls. If demand continues to rise, XRP could reach $2.29 and potentially climb to $2.50 by overcoming resistance. Conversely, profit-taking and increased selling pressure may lead to a reversal of the uptrend, causing XRP to drop back to $1.99.