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Crypto

XRP Price Stuck Between $1.30 and $1.60 Amid Security Concerns

Guavy AI Editorial Team
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XRP
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The XRP price has been consolidating following its early-week rally, with investors cautious due to recent security incidents.

XRP recorded a weekly gain of 7.53%, but momentum reversed sharply by the end of the period.

The D'CENT wallet hack and the theft of XRP on Bitget have reignited investor distrust, making it difficult for buyers to reclaim control above $1.60 resistance.

The technical indicators - a retreating RSI and a bearish MACD - argue for caution, while the recent security incidents represent an additional risk factor that could delay any localized bull run for XRP.

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