XRP price has recently recovered from a low of $1.89 on March 11 but is still facing resistance. To avoid a potential drop to $1.90, bulls need to maintain support above the $2.20 level. Currently, bearish sentiment is indicated by negative funding rates below 0% and a significant decline in open interest (OI) from $5.67 billion to $2.4 billion, suggesting that traders are exiting positions. This could lead to increased selling pressure, with a possible retest of support levels at $2.28 and $2.20. If these levels are breached, further declines could take XRP down to $1.94 or even $1.89. However, there’s some optimism as crypto analyst Dark Defender suggests XRP has potentially completed a correction phase, targeting longer-term recovery up to $5.85. Key levels to watch include $2.22 for support and $3.39 for resistance.

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