XRP has surged over 7% in the last 24 hours, trading at approximately $2.54, as it reclaimed a crucial support level. The token's trading volume exceeded 110 million XRP, indicating renewed market interest. XRP has broken through a short-term descending resistance line, with the 200-day moving average at $2.65 as the next target.
Meanwhile, Shiba Inu (SHIB) remains stagnant at $0.0000106, hindered by weak fundamentals and a slowdown in token burns. Bitcoin is currently priced at $105,900 and is approaching the $111,700 resistance level. A breakout could trigger the liquidation of 1,230 BTC in short positions, potentially driving the price higher. However, failure to surpass this level might result in a decline below $103,000.
XRP Rallies 7% Amid Market Interest, Bitcoin Nears Key Resistance
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