XRP has struggled amidst bearish market sentiment as it consistently fails to break through the critical $2.73 resistance level. This struggle has not only frustrated traders but also forced the crypto into a consolidation phase, hindering any positive momentum.
The futures market reflects growing skepticism, with XRP Futures Open Interest plummeting by $1 billion within a span of 48 hours. This sharp decline indicates a lack of confidence in XRP’s recovery, posing a significant challenge for the digital asset in regaining investor trust.