XRP faces another 10% dip: When will bulls step in?

XRP is currently trading near the $2.75 support level with potential for an 8% to 10% drop to the $2.50 region amid a bearish descending triangle pattern. Onchain data indicates strong buyer interest between $2.45 and $2.55, suggesting possible defense against further declines in this range. The altcoin has tested the $2.65 level twice, and historical behavior points towards a potential decline into the $2.50 area. Market research highlights XRP's pricing compression over the past ten weeks, signaling tight order books and the possibility of upcoming volatility. Analysts observe that sellers have maintained control, with recent ETF developments increasing market speculation, though some caution against over-optimism. A decisive breakout above $2.90 could alter the current bearish outlook. The market conditions leading up to a potential rally remain uncertain as XRP faces another critical test of support levels.

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