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XRP Price Sees Possible Uptick But Network Activity Hits Monthly Low

XRP Price Sees Possible Uptick But Network Activity Hits Monthly Low
XRP's price has remained relatively stable over the past week, struggling to stay above $2.50. The market cap has dropped to $140 billion, but trading volume has increased by 47% in the last 24 hours to $5.6 billion. The Chaikin Money Flow (CMF) has turned positive, indicating increased buying pressure. However, network activity has declined, with active addresses reaching their lowest point in a month. XRP's EMA lines suggest a bearish setup, with the price trading in a crucial range that could determine its next direction. If the support level at $2.26 breaks, XRP could see a 26% correction towards $1.77. On the other hand, if buying pressure strengthens, the price could push towards the resistance at $2.54 and potentially even test higher levels. Increased network activity and the approval of an XRP ETF could provide further support for bullish momentum.

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