CandleFocus XRP Eyes $2.50 Resistance as Bulls Reemerge
2024-12-23
Author: Content Editor
The price of XRP has been consolidating and experiencing intense drawdowns, but it is now showing signs of a rebound. It has moved from a low of $2.14 to its current level of $2.19 and has high liquidity and open interest in the market. Technical indicators suggest a potential rally ahead, with the possibility of reaching the $2.50 price mark. XRP recently survived a stress test and is expected to benefit from the liquidity boost of the newly launched RLUSD stablecoin. Ripple Labs executives believe that the utility and adoption of XRP will continue to grow, potentially leading to higher price targets in the future.
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