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Ripple (XRP) Price: 6% Surge Breaks Descending Wedge Pattern Above $2.50

  • XRP surged 6% from $2.42 to $2.57, breaking out of a descending wedge pattern with volume 168% above the daily average.
  • Whale wallets now hold over 47.32 billion XRP tokens, indicating strong institutional accumulation.
  • Ripple's RLUSD stablecoin achieved a market cap of over $500 million, bolstering ecosystem sentiment.
  • Technical indicators suggest bullish momentum with key support at $2.53 and resistance at $2.60, traders eyeing $2.70-$2.90 as next targets.

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