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XRP Price on the Rise: Can it Break $2.35 and Reach Its All-Time High?
- XRP's daily transactions have surged to over 295,000, signaling network activity growth and increased demand.
- Whale participation rises with 2,700+ wallets holding 1M+ XRP, reflecting market confidence.
- XRP is at a crucial resistance point with $2.35 as the next key level for potential growth.
- The surge in XRP addresses transacting daily, up from 35,000-40,000 over the past three months, reflects rising interest in the network.
- The number of whale wallets with 1M+ XRP has surpassed 2,700, contributing to price stability and network development.
- XRP is currently in a consolidation phase, still below fundamental resistances.
- XRP is trading at $2.31 with a 6.43% increase over the past day and a 182.43% rise in trading volume.
- XRP's market capitalization is $135.65 billion, and its dominance is nearly 4%, indicating increased market interest.
- XRP's 200-day EMA supports the current level around $2, with a bullish signal from the 50-day EMA crossing above 2.25.
- With RSI leaving oversold territory and buying pressure emerging, XRP may target $2.35 as the immediate resistance.
- Further resistance levels include $2.57 and $3, with ATH potential at $3.40, while support levels lie at $2.14, $2, or $1.94.
- The future of XRP depends on surpassing these resistance levels, with technical indicators suggesting growth prospects.
- Traders are advised to wait for clearer signals before making significant moves in the market.
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