#XRP $XRP

Will it drop further or return to 3.41 dollars?

Since it reached an all-time high of 3.41 dollars, XRP has fallen below 3 dollars. Its price has decreased by 9% in the last week and bearish sentiment is growing. Sellers dominate the market.

Additionally, the constant outflows from XRP spot markets confirm high selling pressure. According to Coinglass, in the last three days, outflows from XRP spot markets have totaled 96 million dollars.

Such spot outflows indicate a decrease in confidence or profit-taking, which often leads to downward pressure on the asset's price.