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Recently, the price of XRP has shown a fluctuating rise, attracting market attention. As of the 22nd of this month, XRP has been fluctuating between $3.40 and $3.55. Technical analysis indicates that in the short term, XRP may test the support level of $3.43, followed by a rebound to the resistance range of $3.75 to $3.97.
Market experts indicate that if XRP breaks above the upper edge of the symmetrical triangle at 3.55 USD, it could accelerate the pump to 3.66 USD, and even reach the psychological level of 4.00 USD. However, they also warn that if XRP falls below the key support level of 3.15 USD, it may retreat to around 2.85 USD.
Currently, the market sentiment for XRP is supported by the continuous inflow of institutional funds, while ETF-related expectations also provide additional momentum. However, analysts remind investors to be cautious of the risks brought by high Fluctuation.
In this complex market environment, investors need to closely follow technical indicators and macro factors to make informed investment decisions. As the cryptocurrency market continues to evolve, the future trend of XRP will remain under widespread attention.