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XRP Returns to $2.40 in Price U-Turn: What Comes Next?
After a recent downturn, XRP has managed to rebound and return to the price range of $2.40, sparking renewed optimism among investors and traders alike. The cryptocurrency’s sudden turnaround has led many to wonder what comes next for XRP.
The current uptrend is fueled by the strong support at the daily SMA 50, which has been a crucial level in the past. As XRP attempts to breach this threshold once again, bulls are eager to see if they can continue their momentum and push prices towards $2.50.
A successful breakout above the $2.44 mark could open up the door for further gains, with potential targets at $2.60 and $2.80 on the horizon. However, it is essential to note that XRP’s chart is still susceptible to a bearish head-and-shoulders pattern should buyers fail to defend the critical support level of $2.
For now, traders seem content with the current uptrend, as evident from the lack of significant selling pressure around this price range. This newfound confidence may allow XRP to gain traction and potentially climb higher in the short term.
It remains to be seen whether the cryptocurrency can maintain its upward trajectory or if it will eventually succumb to the bearish forces lurking beneath the surface.
Source: https://u.today/xrp-returns-to-240-in-price-u-turn-what-comes-next
