XRP experienced a major price hike before encountering a slump. After hitting $2.90, it faced a bearish trend, creating doubts about maintaining the $2 mark.
Charts show XRP in a descending triangle, suggesting potential for further decline. Major holders, or whales, sold significant amounts, raising concerns about stability and potential drops as low as $1.34.
Reduced accumulation by large investors has made the market volatile, making the $2 support weak. If selling pressure continues, XRP could fall further.
If sentiment turns bullish, a climb above $2.18 could push XRP back to $2.90.
