XRP Faces Market Pressure as Support Level at Risk

Ripple Labs’ XRP is currently facing significant market pressure near the critical support level of $2.20. The company, led by CEO Brad Garlinghouse and CTO David Schwartz, finds itself under scrutiny as potential price drops are being projected if this support fails to hold. 🧐 Institutional outflows, totaling $28.2 million, add fuel to these concerns. These factors are compounded by ongoing regulatory discussions with the SEC, which impact investor confidence and market stability.