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Coindoo

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2 Key Reasons Behind XRP’s 6.5% Price Surge in 24 Hours

  • XRP surged 6.57% in 24 hours to hit $2.58, driven by BlackRock-backed XRP ETF speculation and progress in the Ripple-SEC legal battle.
  • Renewed speculation of a BlackRock-backed XRP ETF and signs of progress in the Ripple-SEC lawsuit fueled the surge.
  • XRP's breakout above $2.50 resistance led to increased buying interest, with technical indicators signaling further potential growth towards $2.73 and $2.96.
  • Trading volume spiked by 29% to $6.8 billion, reflecting strong market momentum. XRP faces key resistance at $2.73, with potential for continued price growth based on regulatory and institutional developments.

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