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Ripple Price Rebound Triggers Bullish Sentiment Ahead of Key Resistance

Guavy AI Editorial Team
Instruments
XRP
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Ripple's price has recovered from its August lows near $1.00, trading at around $1.42 after a sharp rebound.

The daily chart shows a significant bullish impulse from the $1.00 area, followed by consolidation above the former resistance around $1.30.

XRP has reclaimed the $1.30 zone, which now represents an important support area.

Above the current price, the main obstacle is the $1.5 resistance zone, which XRP has repeatedly struggled with.

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