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XRP Surges Past Key Trendline as Short Squeeze Fuels Rally Towards $1.50

Guavy AI Editorial Team
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BTC XRP
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XRP has broken through a key descending trendline that had capped its rallies since late August, climbing more than 5% to trade near $1.49.

The token led gains among major cryptocurrencies after Bitcoin pushed past the $84,000 level for the first time in nearly eight months.

XRP's move came in a single burst at roughly 11:30 UTC, coinciding with Bitcoin's sudden rally through the $84,000 threshold.

The token was up 7.43% on the day against Bitcoin's 4.42% gain, according to CoinDesk data.

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