$XRP /USDT: XRP Gains Momentum with a 3.86% Price Increase

Ripple's XRP is currently trading at $1.4378, reflecting a notable 3.86% rise over the past 24 hours. The Layer 1 token continues to garner attention as trading volumes remain strong, indicating heightened interest in the market.

Key Data Points:

24h High: $1.4405

24h Low: $1.2833

24h Volume (XRP): 745.75M XRP

24h Volume (USDT): $1.02B

Trade Strategy:

Long Position: Enter above $1.44, targeting $1.48 and $1.52. Set a stop loss at $1.40.

Short Position: Enter below $1.35, aiming for $1.30 and $1.28. Place a stop loss at $1.38.

Market Outlook:

XRP/USDT is showing strength near its daily high, suggesting bullish momentum. However, resistance at $1.44 could pose challenges. Keep an eye on support at $1.35, as any breach may trigger a downward correction. Watch for further developments and price consolidation for trading opportunities.

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