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Cryptocurrency analyst CW pointed out that XRP ledger transaction volume is rapidly increasing and views this as a bullish signal for XRP, while also noting that XRP has rebounded from its low in December 2024. However, broader market risks still exist, with a Glassnode report stating that 36.8 billion XRP are in loss. Analyst ChartNerd believes that XRP could fall to between $1.20 and $1.00 to acquire downside liquidity before a potential rebound, and he also noted that if Bitcoin fails to hold a key support level, XRP's price could drop to $0.70. XRP is currently trading at approximately $1.35.