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Ripple Price Analysis: XRP’s Outlook Following Rebound at $1.70

  • Ripple's native token, XRP, has rebounded from the $1.7 support level, indicating renewed buying interest.
  • The price is approaching a key resistance zone which, if broken, could trigger a bullish retracement towards the 100-day moving average at $2.5.
  • XRP remains trapped between the 100-day and 200-day moving averages, suggesting a consolidation phase.
  • On the 4-hour chart, Ripple has invalidated a bearish breakout, potentially paving the way for a rally towards the $2.5 resistance.

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