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XRP Breaks Resistance: Analysts Eye Bullish Altcoin Momentum — Kaanch Network Presale Opens at $0.16 as Investors Hunt the Next 10x Token

  • In early 2025, XRP surpassed a significant resistance level near $2 and has maintained its position above key trend lines for several months, a milestone not seen in recent history.
  • This breakout follows positive developments, including a favorable SEC settlement reducing Ripple's penalty to $50 million, which eased legal uncertainties.
  • Crypto analysts note renewed bullish momentum in XRP and select altcoins, with XRP showing growing volume, solid support near $2.24, and approaching resistance at $2.63.
  • XRP traded at $2.39 with a $140 billion market cap, a 9.06% weekly gain, and a 24-hour volume of $4.25 billion, indicating strong market interest and potential for further gains.
  • The breakout and improved regulatory outlook suggest increased market confidence for XRP, with traders watching closely for a confirmed move above $2.63 to fuel a larger rally.
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Benzinga broke the news in New York, United States on Saturday, May 10, 2025.
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