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XRP short-term rebound struggles to reverse the weak trend; $1.95-$2.0 may present trading opportunities
【Crypto World】XRP has increased by 1.38% in the last 24 hours, which looks good, but overall this week it still dropped by 0.85%. Looking at a longer time frame, the market remains bearish. This recent rebound was mainly driven by Bitcoin—you’ve also seen that BTC has regained the $90,000 level, lifting the entire market. However, from October to now, XRP’s demand has been relatively weak, and the price structure clearly shows a bearish pattern. Some analysts believe that if XRP rebounds to the $1.95 to $2.0 range, traders going long might consider reducing their positions or arbitrage. This level has traditionally been a good selling point.