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XRP Near $1.30 with Support at $1.25

XRP is trading near $1.30, with support at $1.25. The token has fallen 5.22% over 24 hours and is experiencing downward pressure, as evidenced by multiple rebounding failures. Technical indicators and wallet fee adjustments are being closely watched by traders. The hourly chart shows a parallel channel with a lower boundary near $1.25, suggesting potential further declines before a possible rebound. Trading activity increased, with a 50.09% rise in volume to around $3.13 billion and a 5.23% drop in market cap to about $82.62 billion.

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