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recent price stabilizationCoinGape
•Business
Business & Economics
78% Informative
Ripple (XRP) price has stabilized at the $ 2.40 mark over the last two days , signaling a potential bottom formation.
XRP network transactions have surged by 12% since the broader crypto market sell-off subsided on February 6 .
The MACD indicator remains bearish but showing early signs of a reversal as selling momentum fades.
The surge in on-chain activity indicates that market participants are returning with renewed confidence, supporting a bullish breakout.
Ripple (XRP) Price Analysis: What Next for XRP after 12% Surge in Network Transactions ? For now, XRP remains in a consolidation phase, with traders closely watching for a breakout above $2.50 to confirm bullish continuation.
If bullish volume fails to pick up, the XRP could dip towards $ 218 before finding stronger support.
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