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<ul class="wp-block-list news-points">
 <li>The crypto market has posted significant gains in the past 24 hours.</li>
 <li>XRP led the recent market rally, gaining 8% in 24 hours.</li>
 <li>Bitcoin reclaimed $60,000 ahead of the Fed’s Jackson Hole symposium.</li>
</ul>
The crypto market got a boost in the past 24 hours, with several top cryptos seeing significant gains. XRP led the rally, surging over 8% and forming a classic reversed Head and Shoulders pattern on its <a href="https://www.tradingview.com/x/6BDT1GQM/" target="_blank" rel="noopener noreferrer nofollow">daily chart</a>.
XRP’s rally marks a recovery from a 15% pullback after the altcoin jumped nearly 50% following the court ruling in the Ripple vs. SEC case. Monday’s price surge sparked optimism among crypto users, given its widespread nature, as most top cryptos also saw gains.
Notably, Bitcoin joined Monday’s market rally, climbing above $60,000 once again, with a break above the 0.5 Fibonacci resistance. The rally comes ahead of the Federal Reserve’s upcoming symposium in Jackson Hole, where the public expects the Feds Chair, Jerome Powell, and his colleagues at the central bank to discuss significant economic issues, especially interest rates.
Many believe the Fed will cut interest rates by September, given signs of cooling inflation and a slowing jobs ma…
The post <a href="https://coinedition.com/xrps-impressive-rally-analyzing-the-factors/" rel="noopener noreferrer nofollow">XRP’s Impressive Rally: Analyzing the Factors</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

XRP’s Impressive Rally: Analyzing the Factors

Coin Edition

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