XRP, the cryptocurrency associated with Ripple, has experienced significant selling pressure after failing to sustain its price above the $2.12 resistance level. The digital asset briefly reached $2.17 but was unable to maintain momentum, suggesting that large holders may be reducing their positions rather than accumulating more tokens. This price action indicates a potential shift in market sentiment toward XRP, which had been showing signs of strength in recent trading sessions. The failure to establish a firm foothold above the key psychological level of $2 has prompted some traders to take profits, contributing to the downward pressure. analysts are closely watching whether XRP can regroup and make another attempt at breaking through this resistance level or if further consolidation at lower prices is likely.

Category: Auto, Crypto, Entertainment, Stocks, Tech, trends