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Ilyass elaouzi
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XRP Market Update: Sharp Rise Amid $3.8 Billion Trading Frenzy
XRP is currently trading at $2.40, has a market cap of $136 billion, a 24-hour trading volume of $3.8 billion, and intraday volatility between $2.36 and $2.46.
Ripple currency
On the daily chart, XRP continues to show a bullish recovery after its extended phase of sideways consolidation. The resistance at $2.50 remains a critical level, as previous attempts to surpass it have failed. However, today’s sharp price rise suggests renewed buying interest. A decisive break above $2.50 on high volume suggests further gains are possible, targeting levels like $2.75. Failure to clear this threshold could see XRP retreat towards $2.20, although today’s momentum suggests that bulls are gaining strength.
Ripple currency
On the daily chart, XRP continues to show a bullish recovery after its extended phase of sideways consolidation. The resistance at $2.50 remains a critical level, as previous attempts to surpass it have failed. However, today’s sharp price rise suggests renewed buying interest. A decisive break above $2.50 on high volume suggests further gains are possible, targeting levels like $2.75. Failure to clear this threshold could see XRP retreat towards $2.20, although today’s momentum suggests that bulls are gaining strength.
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