XRP rebounds to $2.45: Experts say it may never drop below $2

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XRP price dynamics

XRP price surged 9%, rebounding to $2.45 after plummeting to $2.13 in panic. The Ripple ecosystem and the rise of Bitcoin have enhanced optimism about the continuous growth of XRP.

Market indicators such as RSI and MACD suggest further upward potential. The martial law in South Korea has thrown the cryptocurrency market into chaos, causing XRP to crash from $2.60 to $2.13, but it subsequently rebounded, rising nearly 9%. Some experts predict that XRP will not drop below $2.

Reasons for potential XRP price increase

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

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

Current market conditions for XRP

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

The RSI is 52.27, indicating market balance, while the MACD indicator suggests further upward movement. If buying pressure continues, XRP could climb to $3.50; however, if the circulation of tokens slows down, the price may retreat to $2.13.

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

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