“XRP Price Expected to Surge Today!!! On-chain Data Supports Strong Upswing”
According to the latest on-chain data, XRP's recent exchange inflow has significantly increased, reaching $57.55 million, which has attracted widespread attention from the market. Current market sentiment is bullish, with traders increasing their bets on long positions, especially after XRP experienced a strong 12% rise, leading to a substantial increase in investor participation.
Technical analysis shows that XRP is nearing a breakthrough of the key resistance level of $2.35. If this level is breached and maintained above, XRP could see a price increase of up to 80%, with a target price close to $4.45. The Relative Strength Index (RSI) is currently at 56.85, indicating sufficient upward momentum, suggesting that XRP may continue to rise in the coming days.
It is worth noting that while XRP has attracted a significant amount of inflow in the short term, long-term holders seem to be taking profits, which may affect short-term market volatility. However, based on the current technical indicators and market sentiment, XRP still has ample room for upward movement.
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