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Ripple Price Analysis: Is a Major XRP Rally Above $0.6 Possible?

  • Ripple is consolidating after a significant drop to the $0.5 support, following increased selling activity at the $0.66 resistance.
  • The price is in a low-volatility phase, suggesting a potential pullback to the 100 and 200-day moving averages.
  • If Ripple retraces toward these levels and faces rejection, it could continue the downtrend with a target around the $0.43 support.
  • A breakout above the moving averages could trigger a significant price rally as traders covering short positions push the price higher.

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