XRP's recent inability to surpass the $2.20 resistance level indicates potential further declines for the altcoin. Despite a recovery from a low of $1.61 on April 7, XRP continues to trade under significant resistance. Negative funding rates and dwindling open interest (OI) in the futures market suggest predominant bearish sentiment, with funding rates remaining below 0% since early February. This decline in OI, from $7.87 billion to $3.06 billion, signals that traders are losing confidence. Without renewed interest, XRP may face a downward trend, and if it closes below the 200-day SMA at $1.86, it could retest lower levels at $1.61 or even approach $1.07, as predicted by experts. For a sustainable rally, XRP needs to close decisively above $2.20 and the 50-day SMA at $2.28, ideally with high trading volume to support upward momentum.

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