XRP price risks falling to $2 after classic bearish chart pattern confirms

XRP futures’ open interest has dropped sharply in the past five days, raising downside prospects for XRP price and a potential retest of the important $2 level.

Key takeaways:

XRP could be headed lower to $2 following a breakdown of a classic head-and-shoulders pattern.

Declining open interest in XRP futures signals weakening trader confidence.

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