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This Is Key Level to Watch for XRP Bulls Amid Price Recovery - U.Today

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Salaheddine Bouhmid, head of markets at IG Europe, believes that the $2.3 level will be crucial for XRP holders to defend

So far, buyers are defending that level, but it remains to be seen whether XRP bulls will manage to revive the lost momentum

So far, according to the analyst,$2.62 is acting as a major resistance level.

If XRP’s price manages to rise above $2.62, it would break the resistance.

This could encourage more buying that “could bring new momentum and end the downtrend,” according to Bouhmid

Giving up recent gains

XRP is currently changing hands at $2.52, according to CoinGecko data

St. Louis Fed President Alberto Musalem said he expects the US economy to rebound early next year, throwing cold water on future interest-rate cuts with caution.

XRP has plunged by nearly 2% on Musalem’s latest comments, which are undoubtedly bearish for risk assets

XRP7.23%
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