XRP/USD rose to a five-day high on Monday, marking the recovery’s third consecutive day. The pair recently broke the 50% retracement level of the pullback between 3.6522 and 2.9525, suggesting a potential end to the correction.
A strong rejection at the $3 support zone, alongside a bear-trap pattern, indicates that bulls have regained control. However, a break above 3.3025 is necessary to confirm the bullish outlook and pave the way for further price recovery.
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