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XRP Price ForecastCoinGape
•Business
Business & Economics
67% Informative
Ripple (XRP) has delivered notable gains over the past week , largely driven by the SEC ’s decision to drop charges against Ripple .
Over the past 30 days , traders have deployed nearly $400 million in short-leveraged positions, preventing XRP from breaking key resistance levels.
A $244 million short position cluster at $ 2.60 has repeatedly blocked bullish momentum, delaying a potential XRP breakout above $ 3.60 .
XRP price remains under pressure as it struggles to reclaim key resistance.
Failure to hold above $230 could expose XRP to further declines, with bears eyeing the $ 200 psychological level as the next support.
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