XRP's price has recovered from a low of $1.89 but is facing resistance below $2.20. Current market indicators suggest that bullish momentum is weak, with negative funding rates in perpetuity futures indicating prevailing bearish sentiment. Open interest in XRP futures has decreased significantly, moving from $5.67 billion in January to $2.4 billion in March, signaling traders are exiting positions. An inverted V-shaped pattern on the four-hour chart and a decline in the relative strength index (RSI) further imply potential downward movement, as bears target support levels between $2.28 and $2.20. A failure to maintain support could lead to a drop towards $1.90. Despite these challenges, some analysts remain optimistic, suggesting XRP could recover and aim for higher prices like $5.85 in the future if it can break above key resistance levels. Observing these critical support and resistance points will be crucial for XRP in the coming days.

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