XRP Breaking News: Price Surges Over 8% on Major Fundamental Wins! 💥
XRP is the standout performer in the top-cap crypto assets today!
A major wave of positive sentiment has pushed its price significantly higher.
Based on the latest 7-hour data from Binance, XRP is trading near a formidable $3.25.
This marks an impressive surge of approximately 8.44% from its prior levels.
The primary driver is a massive fundamental development: the dismissal of a major SEC lawsuit, which has cleared a path for wider adoption.
This news is being amplified by reports of growing institutional interest in the asset.
From a technical perspective, the situation is constructive but calls for attention.
The Relative Strength Index (RSI) is neutral at ~49.6, suggesting there is still room to run before it becomes overbought.
The MACD indicator is showing moderately positive momentum, confirming the bullish price action.
Immediate support has been established in the $2.00-$2.08 zone, a long way from the current price, highlighting the strength of this rally.
The key resistance level that all traders on Binance are now watching is the $3.66-$3.92 range.
A decisive breakout above the $3.66 mark could trigger the next major leg up for XRP.
The current pattern is very constructive, showing cautious but significant upside potential.
This is a clear case of fundamental news driving a powerful technical move. ⚖️
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