The price of XRP dipped below 1.50 USD, its lowest in over a year. With a bearish setup on the charts, further declines to around 1.22 USD are possible, especially given the falling demand and a drop in open interest.
The decline in XRP’s futures open interest to 2.61 billion USD may signal weakening bearish trends. However, the overall sentiment remains cautious due to a sharp decrease in buy orders since early January.
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