Ripple Price Surges 18%
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XRP price movementsCoinGape
•Business
Business & Economics
Ripple (XRP) Price Eyes $3 Rebound as CME Group Signals 99% Chance of Fed Rate Pause
83% Informative
Ripple (XRP) price surged to $ 2.24 on Thursday , marking its highest opening price this week .
Rising derivatives open interest and a 2.49 long/short ratio suggest traders expect further XRP upside in the near term.
The CME Group’s FedWatch tool now suggests a 99% likelihood that the Fed will leave interest rates unchanged in its upcoming March 21 meeting.
If momentum sustains, XRP could push toward $ 2.76 , a key level from recent highs.
Failure to hold above $224 could reignite selling pressure, with the lower Bollinger Band at $ 1.92 emerging as key support.
However, the long/short ratio data from Binance and OKX , showing a strong bullish bias, suggests market sentiment favors upside.
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