The XRP cryptocurrency attempted to reach a new all-time high of $3.40 but failed and has since dropped to its current price of $3.15. The decline in price is due to mounting bearish momentum and declining investor participation. The Price Daily Active Addresses (DAA) Divergence signal is indicating a decline in investor activity and transaction volume, which diminishes confidence in XRP. If investor activity continues to decrease, XRP's price could face increased selling pressure and vulnerability to sharp corrections. The Moving Average Convergence Divergence (MACD) is also signaling further downside risks, with selling momentum overtaking buying pressure. XRP's price could decline to its critical support level of $2.73, marking a 13% correction, and further losses could push the price down to $2.18. However, if XRP can hold the $2.73 support level, it has the potential to regain upward momentum and reach new all-time highs, invalidating the bearish scenario.
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