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XRP Price Outlook: Bulls Eyeing $1 Amid Positive Catalysts and High Trading Volumes

XRP has been trading around $0.80 for the past week, failing to hit the $1 level despite Ripple's win against the SEC. However, rising open interest in futures contracts and high spot trading volumes suggest a new leg up is possible. Positive sentiment has also been boosted by Ripple's investment in an AI and metaverse-focused project. While a move higher is likely, a negative flip in sentiment could risk a bearish retest with primary support below $0.70.

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