XRP continues to face tough times, with recent market changes indicating a possible continuation of the decline. As of Monday, the XRP price has decreased to $2.78.
Market State of XRP
XRP prices have continued to decline following a sharp sell-off last week. Currently, XRP is down 1.78% in the last 24 hours, indicating negative sentiment in the cryptocurrency market.
Declining Investor Interest
The Crypto Fear & Greed Index has dropped to 46, reflecting increasing caution among investors. The activity on the blockchain has also decreased, with active addresses plummeting to 19,250 from 50,000 in mid-July.
Support at $2.70
Technical indicators suggest that XRP could rebound if the support level at $2.70 holds. Otherwise, a drop to $2 could become a reality.
Against the backdrop of declining activity and growing fears among investors, XRP stands on the brink of a potential drop. The support level at $2.70 will be critical for the price's future behavior.
