💧 XRP Price Prediction: Bearish Pressure Persists

XRP remains in a steep downtrend, with declining open interest (~$2.9B, lowest in over a year) signaling weak trader confidence. Recent price action shows resistance near $2.20 holding, keeping the outlook bearish.

Key Facts:

• Price pulled back to $1.60 after failing to reclaim resistance at $2.20

• RSI ~28, indicating oversold conditions → short-term bounce possible

• If $1.60 support breaks on a daily close → deeper decline toward $1.40, next major demand zone

Expert Insight:

Any near-term bounce is likely a temporary relief unless XRP can close above $2.20 and regain momentum. On-chain activity and sustained resistance recovery will be key for a genuine reversal.

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