XRP is currently facing selling pressure and has reached a monthly low due to bearish market conditions. The altcoin is vulnerable to further declines with weak market participation and negative momentum. The Price Daily Active Addresses (DAA) Divergence indicator is signaling a sell signal, indicating falling prices and declining investor participation. XRP's Relative Strength Index (RSI) has dropped to a three-month low, reinforcing the bearish momentum. If the trend continues, XRP could enter the oversold zone, limiting chances of an immediate rebound. While XRP is currently holding above its critical support level of $2.33, bearish indicators suggest it may struggle to recover without a significant shift in market momentum. A break below $2.33 could lead to a drop to $1.94, deepening losses for investors. However, a bounce off $2.33 could enable XRP to reclaim the $2.70 resistance and potentially trigger a recovery in the future.



Other News from Today