XRP Price Soars 3%, Here’s Why
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Unravel the latest surge in XRP's price amidst ongoing legal battles between Ripple and the SEC. Explore market trends, regulatory uncertainties, and whale activity influencing the cryptocurrency's trajectory.
The recent surge in XRP’s price, witnessing a 3% increase, marks a significant pause in its downward trend.
Coingape Media reports strong demand at the $0.48 level, highlighted by long rejection candles on the daily chart. These candles underscore buyers’ determination to uphold this critical support level, resulting in the formation of two higher lows over the past three weeks.
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Furthermore, as Bitcoin surge past $60,000, a broader relief rally is underway, laying the groundwork for further upward movements in XRP.
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