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Crypto

XRP Defends Key Support Zone Amid Improving Momentum and Altcoin Rotation

Guavy AI Editorial Team
Instruments
XRP
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XRP has been trying to regain momentum after a volatile week in which it plummeted from $1.50 to under $1.30 before rebounding.

Analysts point out that there are signs of improving momentum and a possible rotation toward altcoins, with XRP's 5-day moving average approaching the 200-day moving average in what is known as a golden cross.

The immediate battle for XRP is to defend its short-term support zone at $1.31-$1.35, according to Ali Martinez.

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