XRP rebound to 2.45 USD: Experts say it may never fall below 2 USD

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XRP Price Dynamics

XRP price surged by 9%, rebounding to 2.45 USD after dropping to 2.13 USD in panic. The Ripple ecosystem and the rise of Bitcoin have boosted optimism about XRP's continued growth.

Market indicators such as RSI and MACD suggest there is further upward potential. The South Korean martial law has thrown the cryptocurrency market into chaos, with XRP plummeting from 2.60 USD to 2.13 USD, but then rebounding, rising nearly 9%. Some experts predict that XRP will not fall below 2 USD.

Reasons for XRP's potential price increase

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

The decline in MDIA indicates that long-held XRP tokens are now actively trading, increasing market liquidity and supporting price increases. The 'buying interest ratio' is 0.55, indicating strong buying interest, with buyers controlling the market.

Current Market Condition of XRP

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

The RSI is 52.27, showing market balance, while the MACD indicator suggests further increases. If buying pressure continues, XRP could climb to 3.50 USD; however, if the token circulation increases slows, the price may drop back to 2.13 USD.

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

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