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From a technical analysis perspective, it can be observed that XRP has formed a support zone between $2.20 and $2.50, and is consolidating at these levels. It is believed that as long as it does not fall below the $2.05 level, the upward trend may continue. In particular, closing above $2.60 may help strengthen the upward trend.
Investors have identified $2.20 and $2.05 as important support levels. Attention should be paid to $2.60 and $3.00 as resistance levels. It is important to note that market volatility and regulatory developments may impact the price of XRP.
Due to the high volatility of the cryptocurrency market, it is important to exercise caution when investing and prioritize risk management.
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