đź XRP Price Prediction as $1 Billion Trading Volume Comes In â Is XRP Making a Comeback?
đ Trading Volume Surge: XRP is attempting a comeback with over $1 billion in 24-hour trading volume, signaling potential bullish momentum.
đ Key Resistance Test: XRP, currently trading near $0.55, aims to break above its 21-day moving average (21DMA) at $0.5530. A successful move above this level could lead to a retest of the $0.57 area.
âĄïž Potential Upside: If XRP surpasses the long-term uptrend and maintains bullish momentum, a rally towards $0.75 (late 2023/early 2024 double top) becomes feasible.
đŒ Market Outlook: Amidst broader cryptocurrency market rally post-halving, XRP's potential upside shouldn't be overlooked. Recent developments, including Ripple's stablecoin plans and potential lawsuit resolution, could contribute to XRP's recovery and closing of valuation gaps.
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