XRP is 10% from a new all-time high but is in a consolidation phase. Many investors have been facing transaction losses, affecting market confidence. Key support at 2.95 USD must be maintained to push past previous highs.
Long-term holders are crucial for price stability as they remain profitable. If this trend continues, XRP may maintain its uptrend, but a breach below 2.95 USD might lead to further declines to 2.73 USD.
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