XRP dropped from $1.50 to under $1.30 after the US Senate failed to advance the CLARITY Act, before rebounding slightly above that level. Analysts now identify a crucial support zone between $1.31 and $1.35, with major resistance between $1.50 and $1.54. Futures open interest fell by over 20% in a few days, signaling market deleveraging. XRP could form a golden cross as its 5-day moving average approaches the 200-day moving average, a signal traditionally viewed as bullish.
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