$XRP

As the recovery movement that Bitcoin started by rising above $ 60,000 continues in the cryptocurrency market, the price of XRP, backed by Ripple Labs, also saw a significant increase. XRP increased by more than 7% in the last 24 hours and rose above $ 0.60. These movements of XRP, which has a market value of approximately $ 60 billion, signal a bull trend on a macro scale.

The price of XRP has been consolidating at the top of a six-year-old symmetrical triangle formation for the past few months. From a technical perspective, the altcoin’s price looks set for a major rally to reach a new all-time high soon. Having closed above the 50 Moving Average (MA) last week, XRP is now attempting to reclaim the 200 MA as support. Candlestick closes above $0.65 could take the price to the next liquidity zone between $0.95 and $1.

Ripple is focused on improving the Web3 infrastructure of the XRPL network to make it competitive with other top smart contract-based blockchain networks. Ripple announced the successful reset of the XRPL Testnet. This reset process increases efficiency and reduces the cost of running a testnet node by deleting testnet DEX content, accounts, balances, and settings. In addition, the SEC’s lawsuit was resolved in favor of Ripple, marking a major milestone for the XRP market and its development.

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So who can benefit?

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I EXPLAIN IN DETAILED.

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WHEN WILL THE REWARD COME?

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You can share this post with your friends in need so that they can also benefit from it.

IN THE MEANWHILE, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. EVEN IF YOU HAVEN'T FOLLOWED US YET, DON'T FORGET TO FOLLOW US. WITH MY REGARDS.