Shorting XRP: Expert Insights Indicate Bearish Market Sentiment

Analysts are increasingly turning bearish on XRP, with expert predictions suggesting a potential for further price decline. While the cryptocurrency currently trades near $1.94, failing to break past the $2 mark, several prominent analysts highlight key reasons for selling XRP. Koroush AK highlights a descending wedge pattern on the daily chart, indicating a continuation of the downtrend. He points out the importance of the $2.06 resistance level as a critical threshold for market participants.