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Ripple Price Analysis: XRP Finally Nearing Key Breakout Point?

  • XRP has been consolidating for months while the broader market experienced volatility, with recent signs of accumulation against USDT and BTC pairs.
  • XRP/USDT is currently testing the 100-day moving average after rebounding from sell-side liquidity below $2, signaling potential exhaustion of bearish momentum.
  • XRP/BTC pair is approaching the lower boundary of a descending channel, which aligns with a major fair value gap, increasing the probability of a bullish reaction.
  • A breakout from the channel in both pairs could lead to bullish continuation, but failure to hold key support levels might result in further downside.

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