$XRP Stuck Below $2.73: Will the Breakout Finally Happen?
XRP has remained locked beneath the $2.73 resistance level for over a month, leaving investors frustrated and momentum stalled. The prolonged consolidation phase has raised concerns about the token's short-term prospects.
Bearish Signals Emerge
Several bearish indicators have surfaced recently:
Futures Open Interest has plummeted by $1 billion within 24 hours, indicating diminished confidence among traders.
The Price DAA Divergence indicator has flashed a sell signal, suggesting reduced on-chain activity and engagement.
What’s Next for XRP?
Two scenarios dominate market discussions:
Bearish Outlook: If XRP loses its crucial $2.00 support, the consolidation phase could extend further, eroding investor sentiment.
Bullish Breakout: A decisive move above the $2.73 resistance might reignite momentum, paving the way for XRP to test its $3.31 all-time high.
As cautious markets await stronger signals, XRP's next move will likely depend on broader market dynamics and increased trading activity. Investors are advised to tread carefully in this uncertain phase.
