Why is XRP price down today?

XRP price is down 3% on May 6, but a rebound above $2.27 could invalidate the bearish thesis and put it back on track toward the important $3 level.

Ripple’s end-to-quarterly market report fuels uncertainty, impacting XRP price negatively.

Low open interest in XRP futures signals weak trader confidence.

XRP price technicals weaken with resistance at $2.27 and declining RSI.

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