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Why Is XRP Up Today? Key Reasons Revealed

  • XRP surged almost 10% in a New-York trading day, reaching its highest mark in roughly two weeks, driven by macro relief and renewed alt-season positioning.
  • The rally was sparked by a trade accord between Washington and London, along with upcoming US-China talks, shifting global-macro desks into a risk-on stance.
  • On-chain flow data showed South-Korean exchange Upbit transitioning from net seller to aggressive accumulator, while Bitcoin dominance dropped, indicating capital rotation into altcoins.
  • Technicians highlighted the breach of key levels on XRP's chart, pointing towards a potential upward trend with a price target of $2.47 as XRP traded at $2.31.

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