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XRP Rebounds to $2 With 4% Hourly Surge: Details

Author: Content Editor
XRP, the fourth largest cryptocurrency, saw a 16% drop in its value during Friday's trading session, as the overall crypto market also declined. XRP dipped below $2 but quickly rebounded above $2, experiencing a 4% surge within an hour. The cryptocurrency market as a whole experienced one of the largest single-day drops this year, with altcoins being heavily affected. XRP accounted for $42.55 million of the total liquidations in the last 24 hours. Despite the recent drop, if XRP can hold the $2 level, it may have the potential to reach higher levels in the future, with the $3 mark being a potential target. Additionally, Ripple's progress on its XRPL programmability proposal is nearly concluding the discovery phase, with some smart contract systems being researched and draft specs being worked on.

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