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XRP Analysis: Is the $2.05 Support Level on the Brink of Breaking Amid Persistent Downtrend?

Published by news.bitcoin.com on 12 hours ago

XRP Analysis: Is the $2.05 Support Level on the Brink of Breaking Amid Persistent Downtrend?

XRP is presently valued at $2.16, boasting a market capitalization of $127 billion and a trading volume of $1.438 billion over the last 24 hours. The price has seen fluctuations between $2.11 and $2.18 in this timeframe, indicating a narrow trading range as market momentum strengthens.

Analysis of the one-hour chart reveals a short-term recovery trend for XRP, with prices showing signs of rebound.

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