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Crypto

XRP Hits Major Resistance After Sharp Recovery

Guavy AI Editorial Team
Instruments
BTC XRP
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XRP has staged a sharp recovery from its $1.00 area, breaking above long-standing descending structures on both USD and BTC charts.

This move is significant because it indicates that XRP has reclaimed key support levels, specifically the 100-day and 200-day moving averages at roughly $1.2 and $1.3, respectively.

However, this rally has now reached major resistance levels, making the current price critical for determining the next directional move in the market.

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