XRP has recently shown a significant rebound after a sharp sell-off, trading at approximately $2.40. This recovery is underpinned by strong support at the $2.32 level, with institutional buyers actively entering the market during high-volume periods. Technical analysis indicates that XRP is forming a V-shaped recovery pattern, setting a price target of $3.40 and demonstrating a 53% increase in open interest to $5.06 billion, signaling bullish sentiment. Analysts are observing potential breakout levels with targets ranging from $3.33 to $5.86 as XRP progresses through various wave patterns and key support levels. Despite global economic tensions and regulatory challenges, XRP has maintained resilience amid recent volatility. Following a significant drop to $2.307, XRP has been on an upward trajectory, establishing higher lows as it approaches resistance levels, with significant movements noted during high-volume sessions. Notable technical indicators suggest that maintaining support at $2.35-$2.40 is critical for ongoing upward momentum.

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