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XRP Price Surges 8% as Bulls Target $3.35 Resistance

XRP has demonstrated impressive resilience, recovering 8% in the past 24 hours and currently trading around $3.18. This bounce comes after the cryptocurrency successfully held the critical $3 support level, a key zone of buyer interest.

XRP Gains Momentum Amid Renewed Investor Confidence

The price surge is supported by a significant increase in trading volume, reaching $267.2 million. This indicates renewed investor confidence in XRP’s bullish potential. Technically, the asset remains above its 50 and 100 Exponential Moving Averages (EMAs), reinforcing its strong position in an uptrend.

Additionally, XRP continues to hold above the previous resistance level of $2.65, which has now turned into a solid support base. The Relative Strength Index (RSI) stands at 66, signaling bullish momentum, but it is approaching the overbought territory.

Key Resistance and Support Levels to Watch

Looking ahead, XRP’s next major hurdle is at $3.35. A successful breakout above this level could pave the way for a retest of recent highs around $3.50. Such a move would confirm the ongoing bullish trend and potentially attract more investors.

On the flip side, if XRP fails to maintain its upward momentum, it could face a pullback to $3 or even $2.80. Traders should closely monitor price action around these key levels to gauge the market’s next move.

Market Sentiment Remains Positive

XRP’s ability to recover swiftly from recent corrections highlights its strength and growing market confidence. As long as the asset continues to overcome resistance levels, it remains well-positioned for further growth.

The recent 8% surge underscores the bullish momentum driving XRP, and its capacity to sustain support levels will determine whether the rally continues. The upcoming test at $3.35 will be a crucial indicator of the asset’s future direction.

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Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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