XRP Recovers After Sharp Sell-Off, Eyes ETF Decision

Edited by: Yuliya Shumai

[Date: Not Specified, Source: Not Specified] XRP's price has shown recovery following a significant sell-off. The cryptocurrency's role in bridging crypto and traditional finance continues to be a key focus.

The rebound occurred after a sharp decline, with XRP dropping to $2.07 during the 19:00-20:00 hour. Trading volume spiked to 228.6 million units, nearly double the daily average.

Since then, XRP has established a higher-low pattern, with bullish momentum returning as buying interest increased in the $2.10-$2.15 range. However, the $2.50-$2.60 resistance zone remains a challenge. Traders are closely watching the potential ETF decision for a sustained breakout.

Sources

  • CoinDesk

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