XRP, the fourth largest cryptocurrency, is experiencing increased price fluctuation in the crypto market, resulting in an 11% pullback in the past 24 hours. Despite this, the 7-day returns for XRP remain positive at 6.14%. The volatility is testing a crucial support level, indicating a potential turning point for XRP. The XRP price fell by 18.83% on Monday, but is currently finding support at the 38.20% Fibonacci level. The long-term and dynamic average lines maintain a positive alignment, suggesting a potential bullish recovery. Crypto whales have been buying XRP, acquiring nearly a billion tokens in the past 24 hours. The recovery in XRP must sustain a bullish trend above the $3.00 mark for a new recovery run. The crucial resistance for XRP is near $3.30, while the crucial support level is near $1.89 and the 200 EMA line.
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