The $XRP has rebounded and retraced more than 45% from its lowest levels in April, reaching close to $2.31, but it's still far from the January peak of $3.40, which makes people wonder: Will it hold? Or will it continue to fall?

Indicators suggest that the market is hesitant, the derivatives on $XRP have seen a decline in volume and institutional interest has waned, and even investment funds have started to withdraw their money. The largest weekly withdrawal recorded was $37 million, which signals that the big players are no longer as interested.

On the chart, $XRP has formed a "descending triangle" pattern, which is usually considered a negative signal. If it breaks the support at $2.28, we might see it drop to $1.96 or even lower.

But! If XRP manages to break the resistance at $2.35 and holds above it, it could reverse the trend, and we might see it soar again to $3.00

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