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    XRP could move toward $0.5608 resistance, on-chain data indicates declining investor interest

    Author AvatarBy George Brooks No Comments 10 Mins Read
    • XRP investors are still at an average profit of 32% despite recent sideways price action.
    • XRP’s futures open interest and trading volume have been weak since October 1.
    • XRP could rise to $0.5608 if it maintains bullish momentum and crosses above the 100-day and 200-day SMA.

    Ripple’s XRP is trading near $0.5140 on Tuesday following declines in several of its on-chain data, which indicates declining investor interest. The remittance-based token could rally toward $0.5608 after crossing above the upper boundary of a symmetrical triangle.

    XRP suffers waning investor interest

    XRP’s on-chain data has remained fairly quiet since around October 1,

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    He is an experienced financial journalist with a focus on Forex and cryptocurrency markets. With over two decades of expertise, he delivers in-depth analysis and real-time market updates, providing traders and investors with the knowledge they need to navigate the ever-changing financial landscape. His insightful articles and reports are trusted by professionals and enthusiasts alike.

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