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Recently, the XRP Crypto Assets market has shown a positive trend. After successfully breaking through the resistance level of $3.050, XRP has started a new round of pump. Although the price has experienced a slight pullback, it remains within a stable support range. Market analysts expect that XRP may find buying support around $3.020, thus continuing its rise.
From a technical perspective, the price of XRP has continued to stay above the support level of 3.050 USD after breaking through the 3.00 USD support. More notably, its price movement is above the 100-hour simple moving average, which further confirms the current pump trend.
On the hourly chart of XRP/USD, a clear bullish trend line has formed, reflecting the optimistic sentiment of market participants. The current key support level is at $3.040, and as long as XRP can stabilize above this level, the possibility of further rise in the future is quite significant.
However, investors also need to closely monitor the critical resistance level of $3.120. If XRP can break through this level, we may see the price move towards higher targets. Therefore, in the upcoming trades, the support level of $3.040 and the resistance level of $3.120 will be two price points that market participants need to focus on.
Overall, the current market performance of XRP shows positive signals, but investors still need to remain cautious and closely monitor market trends and changes in key price levels.