XRP price is holding above 3.00 USD, driven by investor reactions to U.S. Inflation data and the Fed’s interest rate strategy. Open interest has dropped below 8 billion USD, reflecting a decline in bullish momentum as cautious sentiment prevails among traders.
The XRP price faces potential corrections beneath the 3.00 USD support as bearish trends materialize in the cryptocurrency market. Key technical indicators like the RSI and MACD point to diminishing buying pressure, indicating a possible further decline towards 2.90 USD.
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