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Crypto

XRP Price Rises on Low Liquidations and Upcoming Upgrade

Guavy AI Editorial Team
Instruments
XRP RPL
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Ripple's XRP price has been gaining momentum in recent days, rising by about 1.44% in the last day to reach $1.08.

This increase is attributed to low derivatives liquidations, which reduce selling pressure and could lead to a short squeeze if the XRP price continues to rise.

The upcoming XRPL v3.3.0 upgrade is also expected to drive demand for XRP, with features such as Confidential MPT, Batch transactions, Permission Delegation, Sponsored Fees, and Dynamic MPT set to improve tokenization, institutional functionality, and network usability.

Investors are watching the situation closely, with some analysts predicting that XRP could reach $1.20 if it breaks above the key $1.15 resistance level with strong buying volume.

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