With retail activity slowing down, XRP faces downside risks.
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According to CoinWorld, due to bearish technical signals and macroeconomic headwinds brought by the Federal Reserve maintaining interest rates, the trading price of XRP has fallen below $1.90. As futures open interest dropped to $3.43 billions, retail interest has weakened, indicating fragile market confidence. However, on Wednesday, the US-listed XRP ETF saw an inflow of nearly $7 millions, marking the sixth consecutive trading day of inflows, with cumulative inflows reaching $1.26 billions. On the technical side, XRP remains below key exponential moving averages (EMA), and the relative strength index (RSI) has dropped to around 40, indicating strengthening bearish momentum and a risk of falling to $1.81.
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