XRP rebounds to $2.45: Experts say it may never drop below $2

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XRP price dynamics

XRP price surged 9%, rebounding to $2.45 after plummeting to $2.13 in panic. The Ripple ecosystem and Bitcoin's rise have enhanced optimism about XRP's continued growth.

Market indicators such as RSI and MACD suggest further upside potential. The South Korean martial law has thrown the cryptocurrency market into chaos, causing XRP to crash from $2.60 to $2.13, but it subsequently rebounded, rising nearly 9%. Some experts predict that XRP will not drop below $2.

Reasons for potential XRP price increase

XRP is benefiting from the optimistic atmosphere in the cryptocurrency market, especially with the rise of Bitcoin. Experts predict it may reach an all-time high, and on-chain data also shows a growth trend.

The decline in MDIA indicates that XRP tokens held for the long term are now actively traded, increasing market liquidity and supporting price increases. The "buyer acceptance ratio" is 0.55, indicating strong buying interest, with buyers controlling the market.

Current market conditions for XRP

XRP is trading at around $2.45, with a market capitalization of $139.3 billion. The 10-day and 100-day simple moving averages are $2.42 and $2.37, respectively, further confirming the upward trend.

RSI is at 52.27, showing market balance, while the MACD indicator suggests further upside. If buying pressure continues, XRP could rise to $3.50; however, if the token circulation growth slows down, the price may retreat to $2.13.

Currently, bulls are in control, and XRP's future looks brighter.

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