XRP Turns Bullish as Market Pressure Shifts in Favor of Buyers 📈
XRP has experienced a notable rebound, climbing 6% over the last 24 hours, escaping a descending parallel channel that suppressed its price since January 16. The breakout suggests a bullish trend reversal, with strengthening demand driving upward momentum, potentially reaching $3.
Positive indicators, including a rising Chaikin Money Flow and increased open interest in futures markets, reflect growing capital inflows and market participation. If these trends continue, XRP's value might climb further, aiming to surpass its all-time high of $3.40.
However, profit-taking could threaten recent gains, potentially returning the altcoin to its former bearish pattern.
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