📉🚀 $XRP Struggles Below $2.73 as $1 Billion Exits Futures Market 💥📊

📊 Futures Open Interest Drops $1B
In the past 48 hours, XRP Futures Open Interest plunged by $1 billion, falling from $2.9 billion. This sharp decline followed a failed breakout attempt, increasing bearish sentiment and eroding trader confidence.

⚠️ Investor Uncertainty Grows
On-chain data reveals a concerning divergence between price action and network activity. During November’s rally, active addresses failed to grow, suggesting speculation drove price gains rather than organic adoption. Without stronger on-chain activity, momentum remains fragile.

📈 Critical Levels to Watch
XRP has been consolidating below the $2.73 resistance but holding firm above the crucial $2.00 support. The RSI sits near 50.98, signaling indecision, while trading volume and OBV remain muted, reflecting weak capital inflows.

🚀 Breakout or Breakdown Ahead?
A break above $2.73 could trigger a rally toward the $3.31 all-time high, reigniting optimism. Conversely, a drop below $2.00 risks deeper bearish pressure. For now, XRP remains in a state of cautious equilibrium, awaiting a decisive catalyst.

Until network fundamentals improve and investor confidence returns, XRP’s price is likely to remain trapped in consolidation. 📊🔍