Traders are closely watching XRP's price as it approaches the $2.4 support level. The recent price action has shown mixed signals, leaving traders to decide whether to accumulate on weakness or exit near resistance. The $2.4 level is seen as a key support, and a break below could expose the market to further declines. On the other hand, if buyers defend this level, the cryptocurrency may rebound towards higher resistance zones. Critical levels to watch include $2.581 and $2.83 on the upside, and $2.326 and $2.10 on the downside. The market structure suggests indecision, and the Relative Strength Index (RSI) is declining, favoring bears. However, if the RSI rebounds above 45, it may indicate a shift in momentum towards buy-the-dip strategies. On-chain data shows net outflows from exchanges, suggesting accumulation, but the lack of price recovery raises concerns. Liquidation data indicates more long liquidations than shorts, indicating bearish pressure. The next move for XRP is seen as critical.



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