As bulls and bears clash, the price of XRP struggles to recover—will there be more suffering? - Cryptolandoff

As bulls and bears clash, the price of XRP struggles to recover—will there be more suffering?

The price of XRP has dropped 15.88% in the past week, which is indicative of a general market decline.

With immediate resistance at $2.49 and more around the $2.60 level, the cryptocurrency is trading below important support levels.

Whale addresses have amassed over $300 million XRP, or $609 million, in spite of the drop, indicating confidence in a price reversal.

If technical analysis fails to break through the critical resistance levels at $2.25 and $2.325, the market may retreat to $2.00 or lower.

Experts caution that a head-and-shoulders pattern may cause XRP prices to drop soon.