The Ripple Labs' native token, XRP, is struggling as whales and long-term holders are dumping their tokens onto exchanges, with $34 million worth of XRP being transferred in the past 24 hours. Despite this, XRP's price has increased by 11% in the same period, leading some holders to take profit. Currently trading near $2.70, XRP's trading volume has risen by 50%, indicating increased investor and trader participation. Intraday traders are over-leveraged on the bullish side, with $143 million worth of long positions and $55 million worth of short positions. XRP is facing resistance at the $2.80 level, but if it can break past this and close above $2.85, it could potentially rise by 20% to reach $3.35 in the coming days.



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