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XRP Hits 4...
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TronWeekly

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XRP Hits 452,000 Active Addresses, Yet Struggles to Gain Momentum

  • XRP dropped below $2 after a 12-week streak as wider crypto market declined.
  • Ledger activity reached 452,000 active addresses while price didn't react positively.
  • Analyst Versan Aljarrah attributes XRP's decline to market trends rather than internal issues.
  • XRP's price sensitivity is highlighted with $2.20 as a critical level for preventing further losses.
  • Ripple's trading volume increased by 59.33% to $9.21 billion, but sentiment remains cautious.
  • XRP's current resistance lies at $2.05 with next targets at $2.11 and $2.15.
  • XRP's liquidations amounted to $21.37 million with market sentiment affecting its price.
  • EGRAG Crypto predicts XRP needing to stay above $2.20 to avoid further downtrends.
  • Two future scenarios for XRP include consolidation below $2.08 or a reversal above it.
  • XRP's performance hinges on surpassing key resistance levels for an uptrend.
  • The market closely watches XRP's recovery with sentiment dictating its price movement.

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