XRP has consistently failed to breach the important $2.50 resistance, and is currently trading at $2.37, with solid support around $2.35 to $2.00. The declining open interest from $5.8 billion to $2.8 billion shows waning trader confidence.
If XRP cannot maintain support at $2.35, a drop towards the psychological level of $2.00 may occur. For bullish potential, a strong close above $2.50 is needed, but current market conditions favor bearish trends.
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