XRP Dips Below $2, Technical Analysis Ahead
Update: 2025-12-02
Description
XRP plummets below two dollars, triggering high selling pressure and increased volatility. Large institutional investors are actively selling, while investment products tied to XRP still attract money. The derivatives markets show a decrease in open interest, indicating less leverage and a more cautious approach from traders. XRPs repeated failure to surpass the two dollar and five cent to two dollar and seven cent range suggests a technical weakening, but strong demand at the two dollar level prevents deeper price drops. The current situation sets up a clear technical scenario: if XRP reclaims the two dollar and five cent level, it could signal a bullish continuation, but further declines are possible if it loses the two dollar mark again.
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