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**XRP Eyes $2.50 Resistance as Bulls Reemerge**
In a remarkable turnaround, Ripple’s native token XRP has defied the hourly death cross with a 5% price jump, fueling hopes that bulls may be reemerging to drive the asset towards new highs.
The recent surge is largely attributed to XRP’s fundamentals at play. Despite a global market sell-off last week, the digital currency managed to hold its ground, demonstrating remarkable resilience in the face of adversity. This strength could potentially pave the way for a breakout above key resistance levels, including the $2.50 mark.
If the current momentum sustains, it is possible that XRP may retest these higher price targets, fueled by enhanced utility and widespread adoption. The recent launch of RLUSD, a new stablecoin developed in collaboration with Ripple Labs, could provide a significant boost to XRP’s liquidity and overall market capitalization.
As we continue to observe the situation closely, it will be crucial for investors to monitor key indicators and identify potential trading opportunities.
Source: u.today
