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XRP Inches...
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XRP Inches Closer to Breakout Zone Amid Rising Optimism

  • XRP has gained over 10% in the past week, reaching around $2.2 despite a slight pullback.
  • Analysts are eyeing a potential breakout towards $4, following a significant move last year when XRP surpassed $2 after years of trading below.
  • Technical analysts suggest that XRP's breakout above $1.97 in November 2024 established a positive trend, with support now seen at this level.
  • With a tightening triangle pattern on the daily chart and increasing accumulation, traders anticipate a mid-term target of $4.60 for XRP, contingent on overcoming resistance and regulatory challenges.

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