XRP’s failure to break above $2.20 could be a sign that the downside is not over for the altcoin.
XRP (XRP) price has recovered from its low of $1.61 reached on April 7, but it’s still trading below a key resistance zone. Will XRP’s price sustain the recovery or drop further in the coming days?
XRP/USD daily chart. Source: Cointelegraph/TradingView
One of the clearest signs that there is more trouble ahead for XRP is the presence of negative funding rates and low open interest (OI) in its futures markets.
