Could This Level Trigger the Next Bullish Move?
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Key Insights: XRP nears critical $1.75 support, where past rallies have sparked bullish trends. 1.80 billion XRP acquired around $1.75, making it a key level for potential price reversal. SEC’s approval of Franklin Templeton XRP ETF could attract institutional interest, influencing price movements. XRP Nears Critical Support: Could This Level Trigger the Next Bullish Move? XRP is approaching a crucial support level where previous rallies have taken place. As the cryptocurrency continues its downward movement, investors are closely watching to see if this support will hold. The market’s reaction at this level could determine whether XRP begins a new bullish trend. XRP Faces Key Support Zone XRP has dropped out of its long consolidation range, moving toward a well-known support zone. This price range has previously sparked significant rallies. Traders are now paying close attention to this level, which has acted as a critical point for price reversals in the past. According to BitGuru, “If the price reaches this level again, it could act as a reaction point.” This suggests that the support could potentially trigger a new upward movement if buyers return to the market. XRP Potential Price Reversal | Source: X As of the time of writing, the XRP price sits around $1.90. It has seen a slight decline of 1.11% over the past 24 hours, with a 24-hour trading volume of approximately $5.46 billion. As the price nears this support zone, the market’s next steps remain uncertain. Volume and Market Behavior Around $1.75 Furthermore, another important factor contributing to XRP’s support level is the volume of XRP acquired at around $1.75. Based on Ali_charts, the analysis indicates that 1.80 billion XRP were purchased at this price point. This makes the $1.75 level a key support area for the cryptocurrency. “This is a level that traders are closely…
