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Crypto

XRP Price Breaks Months-Long Downtrend as $1.50 Target Looms

Guavy AI Editorial Team
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XRP
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XRP's price has broken its months-long downtrend and is on the rise. The token reached an intraday high of $1.43, a 20% increase in just 24 hours.

This surge is attributed to several factors, including regulatory optimism following President Donald Trump's meeting with crypto executives, whale accumulation, and forced short covering.

According to data from crypto.news, XRP has been trading above its major moving averages, with the 20-period simple moving average reaching $1.12 and the 50-, 100-, and 200-period averages sitting between $1.04 and $1.07.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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