XRP price is down 3% on May 6, but a rebound above $2.27 could invalidate the bearish thesis and put it back on track toward the important $3 level.
Ripple’s end-to-quarterly market report fuels uncertainty, impacting XRP price negatively.
Low open interest in XRP futures signals weak trader confidence.
XRP price technicals weaken with resistance at $2.27 and declining RSI.