XRP Price Drops Below $2.50: Technical Indicators Signal Further Weakness

XRP price experienced a decline below the $2.50 mark on Monday, following its failure to sustain gains above the $2.550 level. Technical indicators suggest further downside risk in the near term as XRP trades below its 100-hour simple moving average and faces resistance from a developing bearish trend line. This comes amidst broader weakness across the crypto market, mirroring patterns seen in Bitcoin and Ethereum.