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Liquidity Levels Show XRP Price Is Headed Up, But Must Cross $2.40 First

  • XRP price is showing signs of increasing buying pressure, indicating a potential rally.
  • The altcoin needs to surpass the key resistance level at $2.40 to confirm an upward move.
  • A crypto analyst highlights the importance of a breakout above $2.40 for sustained momentum.
  • XRP is currently testing a long-term descending trendline, needing to flip $2.40 into support.
  • The Relative Strength Index (RSI) shows balanced momentum with room for upside potential.
  • Stochastic RSI is in overbought territory, suggesting a short-term cooldown may occur.
  • XRP faces resistance at $2.40 and $2.60, with a breakout above $2.60 needed for a stronger bullish trend.
  • Liquidity levels around XRP are significant, serving as resistance and attracting price action.
  • Strong liquidity near XRP's current price level could impede upside movement if not surpassed.

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