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$XRP recovers after the support found in 1.96 USD area XRP was denied near the 50-day SMA close to 2.38 USD on Nov 13, that resulted in an almost 19 percent sell-off over the past eight days and led price action towards a low at 1.82 USD last Friday. Over the weekend, XRP retested strong support zone at 1.96 USD and rebounded. For now, the token is on a recovery trail based on Monday morning performance, forming a bullish capping above 2.08 USD. If this rebound persists, XRP may continue to rise and contend with the next significant resistance level, which is approximately 2.35 USD. The RSI recently recovered from oversold territory last week, and it is currently at 41. This supports the idea of a more sustainable recovery phase and shows that selling pressure is waning. However, if the correction continues, XRP might retreat once more and return to Friday's low of 1.82 USD. #xrp #US-EUTradeAgreement #WriteToEarnUpgrade #BinanceAlphaAlert #TrumpTariffs $XRP
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