Currently, XRP is facing a concerning trend, as analysis shows that six of the eight key performance indicators are down. This signals a potential drop in investor engagement and market interest, which is critical for any upcoming price movements.
XRP’s price is restrained by strong resistance levels at 50 and 100 EMAs, maintaining it within a tight range of 2.22 USD to 2.23 USD. The failure to breach these levels indicates that a significant upward trend is uncertain.
XRP may revert to the 2 USD support level if selling pressures persist alongside low on-chain activity. Recovery relies on improvements in utilization metrics, which are currently lacking, raising doubts about a long-term bullish trend.
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