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Crypto

XRP Price Correction: Can a Breakout Repeat the Rally?

Guavy AI Editorial Team
Instruments
XRP
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XRP's price has corrected after its strong rally in mid-August, which saw the token surge by nearly 70% to reach $1.7.

The correction was expected as traders took profits from the bull run, and the price moved between $1.25 and $1.55 since the peak.

A key support level for XRP is near $1.24-$1.30, with a wider zone up to $1.70 serving as resistance.

To repeat its previous rally, XRP needs a daily close above the $1.47-$1.50 zone on rising trading volume and open interest.

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