📉 XRP Under Pressure: Bears Take Over

The price of XRP has decreased by 2.03%, reaching $2.36 on May 17. This marks the second consecutive day of decline, driven by increasing legal uncertainty and outflows from derivative instruments.

The total open interest for XRP has fallen below $5.5 billion, indicating a decrease in trader activity and a potential continuation of the downward trend.

Investors are concerned about the possible consequences of the current legal proceedings, which intensifies pressure on the asset's price.

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