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**Title:** 2 Million: XRP Just Made Crucial Comeback
Whales are back in the XRP market! Following a recent surge in transaction volume, the Ripple-based cryptocurrency has made a crucial comeback, breaking past key resistance levels and reaching a significant milestone of over 2 million transactions.
The sudden upward momentum is attributed to the increasing adoption of XRP as a settlement layer for cross-border payments. The rise in transaction volume serves as a strong foundation for its recovery, solidifying our previous assertion that this is not just a dead cat bounce.
As shown on the chart, Godfrey Benjamin’s movement averages act as a dynamic resistance level for now, with the 50-EMA moving at around $2.50. If bulls potentially push XRP above these levels, we might start looking at $3 as a valid target in the midterm.
It is crucial that XRP holds its position above $2.30 and continues to build momentum. This would allow it to challenge resistance at $2.55 and beyond. However, an unsuccessful attempt to break key resistance levels could result in another pullback.
While this comeback is significant, we still require sustained buying pressure to maintain upward momentum. The crucial next step will be observing the cryptocurrency’s price performance and resistance levels to determine its potential trajectory.
Stay tuned for further updates and insights from our analysts!
Source: https://u.today/2-million-xrp-just-made-crucial-comeback
