Despite struggling to maintain its price above the $0.60 support zone, XRP has benefited from the recent cryptocurrency market rally after the Federal Reserve interest rate cut. Regulatory aspects, particularly in the Ripple and Securities Exchange Commission (SEC) case, have provided bullish sentiment for the token. An AI algorithm predicts that XRP will reach $0.66 by October 1. Technical indicators also suggest that XRP may target $1 in the near term and potentially break the resistance at $1.03. XRP's ability to hold above the Fibonacci 1.618 level indicates resilience, but losing this support could lead to a deeper retracement. XRP is currently trading above the 50-day and 200-day simple moving averages, signaling a bullish trend. Onchain data shows that whales are accumulating XRP. Overall, XRP shows promising bullish momentum, but there are still risks, such as a general market sell-off.



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