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.
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