Ripple (XRP)
This week’s performance has been impressive, with a 15% increase from the 38 cents support level. If this rate of increase continues, the price may even test the key resistance level of 54 cents in the near future.
For a long time, the price of XRP has been in a continuous downward trend, but the recent strong return of the bull market has brought a glimmer of hope to the market. At present, market observers are unsure whether this is a reversal of the trend or just a short-term rebound phenomenon.
Looking forward, to strengthen the confidence in this price action, XRP must be able to maintain the current upward momentum. This trend will continue to be closely watched as the market changes.
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