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XRP eyes fresh gains as Bitcoin correlation hits 0.91, RSI turns bullish

  • XRP's price action is closely correlated with Bitcoin, with a 0.91 correlation observed.
  • Bitcoin's stability near $110,000 is strengthening the case for a potential price surge in XRP.
  • RSI above 50 indicates bullish momentum for XRP, with resistance levels at $2.38 and $2.50.
  • A drop below $2.20 could invalidate the current rally.
  • XRP historically rallies in conjunction with Bitcoin's upward movements.
  • Market sentiment favors a potential bullish trend for XRP amid Bitcoin's stability.
  • RSI signals increased buying activity, with buyers maintaining control over XRP.
  • The altcoin is trading at $2.33, with key support at $2.27 and resistance at $2.38 and $2.50.
  • Traders are eyeing RSI for momentum insights, with sustained interest from both retail and institutional players.
  • XRP could see a price breakout if current bullish momentum is sustained.
  • A failure to hold $2.27 support could lead to short-term weakness, with downside targets at $2.20 and $2.13.

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