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XRP Price Prediction Today: What’s Next After 12% Jump?
The cryptocurrency market has witnessed a sudden surge in the last 24 hours, with Bitcoin (BTC) skyrocketing to $82,000 and major altcoins following suit. XRP, in particular, has seen an impressive jump of over 12%, briefly touching $2 before facing resistance at $2.14 to $2.15.
While this recent momentum is undeniably encouraging for Ripple enthusiasts, it’s crucial to assess the current market dynamics and gauge the likelihood of a sustained rally.
As XRP bounced from a key support level around $1.75, it now faces significant resistance between $2.14 to $2.15. A confirmed breakout above this range could potentially open the door to further gains, with technical targets around $2.47 and $2.56 in play.
However, it’s essential to acknowledge that XRP is still technically within a broader bearish trend on higher time frames, meaning a sustained breakout is required to confirm a full reversal. The uncertainty surrounding the current market situation necessitates cautious optimism.
Despite this recent surge, it’s important for investors and traders alike to remain vigilant and closely monitor market developments to ensure that the rally is not a false start.
Source: https://coinpedia.org/news/xrp-price-prediction-today-whats-next-after-12-jump/
