The cryptocurrency XRP has shown a recovery after a recent sell-off, with its price action indicating bullish momentum. Analysts believe that if XRP successfully breaks through key resistance levels, it could potentially reach $3 or even higher. The current price of XRP is $2.82763, marking a 3.24% intraday gain. The chart analysis suggests a well-structured recovery, with XRP surpassing resistance and forming higher lows. A breakout above the next major resistance at around $3 could lead to an extended rally towards $3.40-$3.60. Traders speculate that short positions may face pressure as XRP's recovery triggers liquidations, further driving up the price. The buy/sell spread also indicates growing buying interest, strengthening the bullish case for XRP. If momentum continues, XRP may soon test the key psychological level of $3 and potentially rally even higher.



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