XRP faces bearish pressure – can bulls maintain support at $2 ahead of further decline?

Following a rejection at $2.7, XRP is under bearish pressure, suggesting a potential decline to $2 or lower. The impending death cross signals increased selling momentum, while significant offloading by Ripple whales exacerbates the situation.

With exchange reserves decreasing and insufficient demand to absorb recent sell-offs, XRP’s stability is jeopardized. The inability to surpass the $2.7 resistance further supports a bearish outlook, indicating market sentiment may turn more negative.