🚀 Ripple is making a strong comeback! Is $XRP heading towards $2.50? 🔥

After a sharp decline on Thursday, XRP has bounced back strongly, surpassing the 200-day exponential moving average to return above $2.16!

📈 A look at the bigger picture:

Although the technical sell indicators are still present, Ripple is showing remarkable resilience after the recent setback that hit the cryptocurrency market.

U.S. job data shows an increase of 139,000 jobs in May, with the unemployment rate stabilizing at 4.2%, which may influence the Fed's decisions and provide some support for overall sentiment.

📊 Quick technical analysis of $XRP:

$XRP is currently trading at $2.17, which is above the 200-day exponential moving average ($2.08). With the Relative Strength Index (RSI) remaining neutral, it seems that the recovery may continue.

The next resistance lies at the convergence of the 50 and 100-day exponential moving averages around $2.26.

🔥 The next stop:

If $XRP can successfully break the $2.26 level, we may see a 15% jump towards $2.50, and perhaps even the psychological support area at $3.00 in the coming days and weeks, based on market trends!

Is Ripple on the brink of a major breakout? Stay tuned for what the coming days hold!

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