XRP is facing bearish pressure, as traders prefer short positions, evident from the reduced Long/Short ratio. This is consistent with the downward trend in RSI, reinforcing bearish dominance. Yet, since XRP stays above neutral RSI, a rebound is still possible.
XRP’s price fluctuates between 2.00 USD and 2.73 USD. Surpassing the 2.73 USD level is key for a bullish trend, aiming at 3.31 USD, representing a 48% gain. Conversely, falling below 2.00 USD could lead to notable losses, highlighting the need to monitor market updates.
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