XRP has experienced a significant decline in value, falling below $3, and shows no signs of immediate recovery. The bearish sentiment in the market is reflected in the asset's Elder-Ray Index, which indicates dominant selling pressure. Outflows from XRP spot markets further confirm the high selling pressure. Technical analysis from the MACD indicator also suggests a bearish trend, with the possibility of an extended decline if selling activity continues. However, if there is a resurgence in demand, XRP could revisit its all-time high of $3.41.



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