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XRP Hits ATH—Why the 20% Surge Might Just Be the Beginning
In a stunning turn of events, XRP has shattered its previous records by reaching an all-time high (ATH) after a remarkable 20% surge. This explosive growth has left many wondering if this momentum is sustainable and what lies ahead for the cryptocurrency.
The recent rally can be attributed to the currency’s ability to form a solid base and clear major resistance levels, culminating in a decisive break above $3.00. Additionally, the price has consistently maintained its upward trajectory, indicating an unwavering bullish sentiment.
The technical analysis suggests that XRP might continue to rise in the coming days, with multiple potential targets on the upside. The current price action indicates that any dip or correction could be supported by a strong foundation of buy orders and liquidity, which could propel the currency even higher.
In the event that bulls are able to hold their ground and push the price above $3.650, it’s likely we’ll see further gains towards $3.820 and potentially even $4.00 in the short-term. Conversely, if the bears manage to take control and push the price below $3.420, a correction could lead to a potential retest of support levels around $3.20.
As XRP continues to defy expectations with its unrelenting bullish momentum, it’s difficult not to get caught up in the excitement surrounding this asset.
Source: coinchapter.com
