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TronWeekly

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XRP Resists Downtrend, Eyes Potential Recovery Despite Bitcoin’s Slide

  • XRP faces volatility as Bitcoin’s decline below $80,000 leads to a market-wide sell-off.
  • The token holds above key support at $2.12, with potential to rebound toward resistance levels at $2.32, $2.61, and $3.35.
  • Market sentiment remains highly influenced by Bitcoin’s price action, with traders awaiting XRP’s recovery.
  • XRP has formed a descending channel pattern on the daily timeframe, indicating a potential breakout if it holds above $2.12.

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