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XRP's Short-Term Direction Hinges on Breaking Through $1.20 Resistance

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XRP's short-term direction has been influenced by its resistance at $1.18 to $1.20, according to recent analysis.

The whales have added a net of 4.11 million XRP this week, but the decline in Bitcoin and subsequent pressure on altcoins, including XRP, could impact its price.

A new risk area has formed below $0.97, with the potential to extend down to as low as $0.777 if not addressed.

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