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XRP Up 5%, On-Chain Data Shows Strong Bull-Case Scenario Ahead

Ripple’s native cryptocurrency XRP has shown a bit of price volatility recently and witnessed selling pressure. Post the collapse of the crypto exchange FTX, the altcoin has been struggling to surge past $0.40. Ripple’s native cryptocurrency has faced the brunt of the company’s ongoing battle with the SEC. Any possibility of settlement is not visible in the near term.

But XRP seems to be set for a price recovery. In the last 24 hours, Ripple’s native crypto has surged by 4.5% and is currently trading at $0.35. Currently, the XRP Network is showing major divergence pointing at a strong bull case scenario.

(By Bhushan Akolkar)

XRP XRP $1.48
+6.64%
XRP Ripple
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