The XRP altcoin has been struggling to gain upward momentum and has been consolidating under key resistance for over a month. This has led to a decline in investor confidence, as reflected in the massive $1 billion drop in Open Interest in XRP Futures in the past 24 hours. The declining Open Interest and bearish indicators suggest that further price drawdown and consolidation may occur. XRP's price has held above the $2.00 support level but remains under the crucial resistance level of $2.73. If the bearish factors persist, it could risk losing its support level and weaken investor confidence. However, analysts are bullish on XRP's future and expect a correction phase to be completed within the next ±10 days, with a target of $8.67. Another analyst forecasts a target of $15 for XRP by May 5th, 2025.



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