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XRP Rebounds to $2 With 4% Hourly Surge: Details
In a sudden and unexpected turn of events, the price of XRP has skyrocketed by 4% in just an hour. This surge takes the cryptocurrency’s value back up to the important level of $2.
As reported earlier, there were concerns about XRP’s potential decline after the recent sell-off in the crypto market. However, this unexpected rebound suggests that investors are now taking a more optimistic view of the digital asset.
If this momentum holds, it’s possible that XRP could potentially aim for higher levels in the coming sessions. This would put the cryptocurrency within striking distance of the $3 mark, a significant resistance level that has been elusive thus far.
It’s worth noting that Ripple CTO recently provided an update on the company’s progress on its XRPL programmability proposal. While this may not have had a direct impact on the market today, it could potentially play a role in shaping XRP’s long-term trajectory and growth prospects.
In any case, investors are likely to be closely watching developments around Ripple’s XRPL project, as well as broader market trends that may or may not support further price increases for XRP.
Source: u.today
