The cryptocurrency XRP has posted a short-term rally but remains firmly in a downtrend. A reversal would require a move clearly above $1.80, with market observers noting that any upside may be limited unless that threshold is surpassed. On Saturday, XRP rose about 4.6% over the weekend, though it has previously signaled renewed downside after dipping below roughly $1.25.
Despite the weekend strength, the broader trend remains downward as XRP hovers near the $1.50 mark, having previously fallen under $1.25. The market is watching for a sustained breakout, as some investors point to a potential upside driven by a Goldman Sachs investment, albeit with caution about near- and mid-term impact. Traders also note that the strength of the move will depend on macro signals and the performance of the broader crypto market, including Bitcoin, which could influence XRP’s trajectory if risk appetite shifts. To regain momentum, XRP would likely need to clear the $1.80 level, with some analysts suggesting targets closer to the $2 range.
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