XRP Price Surges to 5-Month High as Holders Stay Bullish on Further Gains
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Ripple's XRP price broke above $0.60 on Tuesday, reaching its highest level since August 2023.
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The price increase comes amid improved regulatory clarity and a new partnership between Ripple and Uphold.
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On-chain data shows long-term XRP holders are not selling at current prices, signaling belief in further gains.
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The Mean Coin Age metric hit a 5-month high on October 28, indicating coins are staying put in wallets.
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If long-term holders continue holding, XRP could retest $0.65 soon according to analysts.