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Experts predict rapid growth in the popularity of XRP cryptocurrency

1:47 pm, June 5, 2022

The value of the Ripple token (XRP) has stabilized after the weakening observed in the crypto market in the first half of May. According to crypto analysts, a long-term stay in the consolidation zone indicates the likelihood of a bullish trend.

After reaching a minimum value, the price of the digital asset dropped to $ 0.336, followed by a 38% correction to $ 0.466. The second half of the month was marked by a neutralizing movement in the range of $ 0.383 to $ 0.439.

Analysts shared their opinion that the situation should be viewed as ready for a bullish trend. The most optimistic scenario includes price growth and a rise to the upper barrier of $ 0.439, as well as the likelihood of breaking through it to reach $ 0.486. This trend will allow traders to record a profit of 30%.

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BTC

$76,603.36

1.89%

ETH

$2,876.46

7.47%

BNB

$599.85

2.30%

XRP

$0.55

3.65%

SOL

$197.85

5.16%

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