XRP rallied sharply on Monday, jumping over 12% to reach its highest level since mid-November, as the broader crypto market showed signs of recovery. According to market data, the token rose to around $2.40, supported by strong trading volumes and key technical breakouts.
Analysts said XRP broke out of a falling wedge pattern and held above its 50-day moving average. The rally was further fueled by aggressive short liquidations and rising inflows into spot XRP exchange-traded funds, boosting investor risk appetite.
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