XRP $2.55 Resistance and Downside Risks

Recent Developments in XRP Price

XRP has recently experienced a decline of 1.2%, falling to $2.49. The digital asset faces strong resistance at the $2.55 level and is influenced by significant institutional activity.

The trading of XRP is dominated by technical flows, with its trading volume currently exceeding the average by 85%. This situation is becoming an important tracking point for investors.

Traders are closely monitoring the $2.49 support level. A sustained closing below this level could increase the risk of further declines.