XRP is currently trading close to $2.04. Despite continuous inflows into US-listed ETFs (totaling $1.22 billion), retail investor interest has waned and the derivatives market remains weak, putting downward pressure on the price. Technical indicators show that the price is below key moving averages; if it breaks below $2.00, it could accelerate its decline and further approach the January low of $1.81.
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XRP is currently trading close to $2.04. Despite continuous inflows into US-listed ETFs (totaling $1.22 billion), retail investor interest has waned and the derivatives market remains weak, putting downward pressure on the price. Technical indicators show that the price is below key moving averages; if it breaks below $2.00, it could accelerate its decline and further approach the January low of $1.81.