Will the XRP price be broken? 77 % of merchants bet on XRP

Ripple’s XRP is struggling to stay over two dollars after a sharp decrease during the weekend. It was a difficult time for XRP because the price is barely able to maintain stability.

XRP reached its lowest level at $ 2.08 on Sunday, which represents a 22 % decrease in just two days. As of now, buyers intervene to stop the free fall, which prompted prices to up to $ 2.17, but the battle has not ended yet.

Why the XRP price decreases?

The encryption market offers pressure due to economic concerns from the latest US job report. Investors feel exposed to high bond returns and anxiety of inflation that leads them to transfer their money to safer investments than encryption.

The largest encrypted currency has decreased by 20 % and is now BTC is trading at $ 80,000. XRP also feels heat from this FUD.

The return of the Treasury Department in the United States increased for 10 years to 4.3 %, the highest level since November 2023. This step indicates that senior investors come out of risk -framed assets such as XRP.

To make things worse, global trade tensions raise uncertainty. If this continues until March, XRP may face more fluctuations, making it difficult to recover the prices.

Bears in control: $ 270 million in short bets at $ 2.70

Market data shows that XRP derivatives are from landing by an overwhelming majority. according to CoinglassDuring the past month:

• 375 million dollars were placed in short locations.
• Only 125 million dollars were placed in long locations.

This means that about 77 % of the mirrors are betting on XRP

The main level of watching? $ 2.70. There are $ 297 million of the stacked short centers at this price. If XRP approaches this level, short sellers may try to push it down. There is a high possibility of double the bears on their bets or leads to the filter. This makes $ 2.70 a big obstacle for any possible recovery.

XRP price expectations: more negative or bounce side?

Currently, XRP struggles to stay over $ 2.18 after a 20 % decrease. If the bulls are not able to climb soon, another slice may come.

The main levels of watching:

• $ 2.60 resistance – if XRP can exceed this level, it may turn up.
• Support of $ 1.95 – if the decline continues, this may be the next station.
• RSI in 35 – XRP is close to sales levels, which can call for more sale.
• ADX indicates in 32- that the fluctuations are high and that the declining bias still exists.

If XRP does not recover $ 2.47 soon, there is likely to be another leg. However, if you can exceed $ 2.70, we may see about $ 2.99 as the sellers are pressed on the open.

At the present time, the market remains on the edge of the abyss, and merchants must take carefully.

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