XRP Violently Bounces Back, Striking the $2.4 Mark, A New Round of Eruption Is Imminent!

XRP makes a strong rebound, breaking through key resistance, instantly igniting market sentiment. The resistance in April had previously led to a significant price pullback, but this time the bulls are charging ahead, successfully reclaiming the 20-day and 50-day EMA, and are nearing the 200-day EMA. Once broken, a return to the upward channel is just around the corner.

Recently, the $2.4 mark has become an important target, surpassing the previous high of $2.33, indicating a significant rebound in market confidence. The technical analysis shows that while the EMA is lagging, it plays a clear role in confirming trends. Future price fluctuations are expected to unfold a new round of struggle within the channel. Will the bulls regain dominance once again? The market holds its breath!