XRP Price: Three Reasons It’s Poised for a Potential Fall Under $2

XRP is facing headwinds as it struggles to break through resistance near $2.60, prompting concerns about further price declines. Technical indicators suggest weak momentum with the RSI at 39 and MACD firmly in negative territory. Long liquidations are rising and open interest has dropped sharply, signaling waning market confidence. A bearish trend pattern has been evident for months, pushing XRP lower. The downtrend is currently strengthening as the price struggles to break past resistance, highlighting a lack of buying momentum.