This news article provides an analysis of the recent price movements and technical indicators for XRP. It highlights that XRP is facing strong resistance at $2.75, with a failure to surpass this level potentially leading to a decline towards $2.40. The article also mentions that XRP is struggling to recapture prior peaks and is facing resistance from the 50-day EMA and SMA, indicating a bearish framework on the daily chart. Oscillators show mixed signals, with some hinting at a potential upward movement while others reinforce the bearish sentiment. Moving averages support a bearish outlook, although the 100- and 200-day averages suggest some long-term stability. Overall, the article suggests that caution should be exercised, with downward risks outweighing fragile optimism for XRP.



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