XRP Surges as “Short Squeeze” Erases Days of Losses; What Comes Next?

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XRP has been facing some immense pressure over the past few days and weeks, with the recent SEC lawsuit and an onslaught of exchange delistings rocking its price action The crypto is now trying to gain some momentum, with bulls stepping up and propelling the token higher overnight following a break above a key technical pattern Where the token trends in the mid-term will undoubtedly depend largely on whether or not bulls can sustain their momentum With its fundamental strength growing weaker by the day, there’s a strong possibility that XRP’s price will continuously slide lower over the coming weeks Drying volume, limited access for US residents, and uncertainty regarding its future may all hamper its outlook XRP has been one of the worst-performing major altcoins throughout the course of this recent bull run. After seeing a parabolic rally that sent it from lows of $0.25 to highs of $0.90,…

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