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XRP Price Surges Over 80% After Court Ruling, Testing $0.95 Zone

Following a court ruling in favor of Ripple, XRP's price surged over 80% and broke through several resistance levels, including $0.65 and $0.80 against the US dollar. The price even reached a high of $0.9479 before correcting gains. XRP is still trading above $0.5000 and the 100-day simple moving average, with immediate resistance near $0.85 and major resistance near $1.

If XRP fails to clear the $0.850 resistance, it could see a decline towards $0.55. Technical indicators show that the MACD for XRP/USD is losing momentum in the bullish zone and the RSI for XRP/USD is in the overbought zone.

XRP XRP $1.37
-5.74%
Ripple XRP
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    Key factors driving XRP's price upward today are hopes of spot XRP exchange-traded funds in the U.S. and increased accumulation by whales.
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