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XRP (XRP) Price: Digital Asset Tests $2.12 Support Level as Trading Volumes Decline

  • XRP is trading at around $2.17, down 1.2% over 24 hours and 6% over the past week.
  • The cryptocurrency broke below the mid-range level of $2.27 and is testing early May lows around $2.05-$2.08.
  • Technical indicators show bearish momentum with capital outflows and decreasing trading volumes.
  • Institutional interest is growing with new offerings from Coinbase and Ault Capital Group. Price is consolidating between $2.11 and $2.35, with crucial support at $2.12 and resistance at $2.34.

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