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XRP Skyrockets 17%: Can It Rebound to $3? Key Levels to Watch

XRP Skyrockets 17%: Can It Rebound to $3? Key Levels to Watch
XRP, the third largest cryptocurrency, has experienced a 17% increase in value over the past week due to positive developments regarding the potential approval of XRP exchange-traded funds (ETFs). The US Securities and Exchange Commission (SEC) acknowledged Grayscale’s application for XRP ETFs, leading to increased odds of approval. XRP has broken through resistance levels and is attempting to maintain its position above moving averages. If successful, it could surpass the $2.91 and $3 barriers. On the other hand, if the price decreases, XRP may consolidate between $2.26 and $2.54. Additionally, the XLS-56 amendment has been implemented on the XRP Ledger, improving transaction synchronization and control, as well as user experience.

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