XRP, the native token of Ripple Labs, is facing a significant decline as it failed to hold its crucial support level at $2.50. Technical analysis suggests a bearish outlook as XRP broke down from an ascending triangle pattern and is trading below the 200 EMA on the daily timeframe. If XRP remains below the key support, it could drop by 13% to $2.10. Despite this, exchanges have witnessed an outflow of $15 million worth of XRP tokens, indicating potential accumulation and buying pressure.



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