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TronWeekly

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XRP Price Eyes $5.89—But Can It Beat the 20-Day SMA First?

  • Coinbase listed XRP futures contracts, signaling growing confidence in its legal status after the SEC dispute.
  • Market experts speculate XRP price may reach $5.89 in the near term, but it is dependent on broader market dynamics.
  • Technical analysis shows potential short-term bullish momentum for XRP, but the overall trend remains cautiously bearish below the 20-day SMA.
  • XRP's price is currently below the 20-day SMA and needs to break above the middle Bollinger Band to confirm a bullish bias and higher price levels.

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