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Here’s What To Watch Out For With XRP

  • XRP is showing signs of potential upward momentum with a target towards $3, facing immediate resistance at $2.20 to $2.30 range.
  • Technical analysis indicates a challenge at the 200-day SMA at $2.36 for XRP to trigger significant rallies.
  • XRP's volume and momentum support a bullish sentiment, with predictions of pushing towards the $2.40s if breakout holds.
  • There are concerns that the current XRP rally might be driven by profit-taking rather than fresh demand based on recent on-chain data showing increased tokens moving to centralized exchanges.

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