XRP Price Near Resistance: Traders Gauge Next Move

The XRP price is currently hovering near a critical support area as traders anticipate the next crucial move in the market. Data suggests defensive positioning amongst participants, indicated by increasing activity and reduced leverage on derivatives. However, short-term resistance at the $2.02-$2.05 level remains an obstacle for the token. Analysts are closely monitoring the price action at this point as it could signal a shift in the market.