Reversal V-Shaped XRP: Target $3+ Mungkin Terwujud?
XRP’s V-Shaped Reversal Turns Heads – Are $3+ Targets Now in Play? https://cryptonews.com/news/xrp-v-shaped-reversal-turns-heads-are-3-targets-now-in-play/

XRP's V-Shaped Reversal Turns Heads – Are $3+ Targets Now in Play?

XRP has undergone a strong recovery after hitting a key support level and following President Donald Trump's decision to pause tariffs for multiple countries. The price of XRP jumped by 10.4% in the past 24 hours, currently trading at $2.01 per token.

The market is expecting a lower-than-expected inflation print in the United States, which could lead to a surge in XRP's price. Technical analysis shows that XRP has managed to stay above a key area of support ranging from $1.78 to $1.96, indicating that there is still enough interest in the market to cushion further declines.

However, if inflation comes in higher than expected, it could signal that other issues apart from hostile tariff increases may be plaguing the economy. The Relative Strength Index (RSI) has sent a buy signal after XRP bounced off the $1.78 support, indicating that the market is turning bullish once again.

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XRP's current price action has created a scenario where the cryptocurrency may be poised to break above its resistance level and potentially target $3 or higher. However, it is essential to remember that market sentiment has weakened significantly in the past few weeks, and the market remains unpredictable.