XRP shows a strong correlation with Bitcoin at 0.91, indicating it could benefit from Bitcoin’s price surge towards 110,000 USD. If Bitcoin continues to rise, XRP may follow, bolstered by its bullish indicator, the Relative Strength Index (RSI).
Currently trading at 2.29 USD, XRP must hold the 2.27 USD support level to continue upward momentum. A breach of 2.38 USD resistance could lead to a rise towards 2.50 USD, while falling below 2.27 USD risks a decline to 2.20 USD.
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