XRP price has rebounded from a low of $1.94 but remains below a crucial resistance zone, making its future uncertain. To avoid further decline, XRP must hold above the $2.00 psychological level, which it hasn't broken since December 1. Current market conditions, reflected by the RSI below the midline at 42, lean toward a possible drop to $1.76 or even $1.61. Bulls are focusing on converting the resistance between $2.53 and $2.62 into support to facilitate a return to $3.00. Recently, XRP's rally was halted by supply congestion near $3.00, and a bearish MACD cross suggests potential further declines. A break below the support at $2.16 could see XRP consolidate within a triangle formation for several weeks. Additionally, external factors like the US government's strategy on digital assets may impact XRP's uptrend.

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