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XRP Achieves Lower High Break, Setting Stage for Potential ATH
XRP is gaining attention amid market uncertainty, maintaining its position above key demand levels. Investors are optimistic about a potential rally as XRP approaches crucial resistance levels.
- XRP is trading just below a critical supply zone and has surged 15% recently, currently priced at $2.54.
- Analyst BigCheds noted a lower high break on the daily timeframe, indicating bullish continuation.
- A breakout above the $2.80 mark is essential for price discovery and challenging its all-time high (ATH).
- The immediate resistance is at the $2.72 level; breaking this could lead to significant upward movement.
- XRP must hold above $2.45 to maintain its bullish momentum; failing to do so may result in increased selling pressure.
Investors are closely monitoring these developments, as XRP's performance may define its trajectory in the coming months.