XRP is currently under pressure around $2.10, testing a key support level. Despite recent institutional inflows into spot ETFs, weak retail demand continues to exert downward pressure on the price. Open interest in futures contracts has decreased from weekly highs to $4.15 billion, indicating waning trader confidence. Technical indicators show resistance near the 100-day moving average ($2.22). If market sentiment does not improve, the price could retrace to $1.77.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
XRP is currently under pressure around $2.10, testing a key support level. Despite recent institutional inflows into spot ETFs, weak retail demand continues to exert downward pressure on the price. Open interest in futures contracts has decreased from weekly highs to $4.15 billion, indicating waning trader confidence. Technical indicators show resistance near the 100-day moving average ($2.22). If market sentiment does not improve, the price could retrace to $1.77.