XRP's price has dropped by 9% in the past week, with a 3% decrease today despite increased institutional adoption. Chinese AI firm Webus International and VivoPower have shown interest in XRP, yet the coin faces downward pressure risking a drop below $2. Webus International plans to purchase XRP by raising $300 for a crypto reserve. VivoPower also intends to invest in XRP using a $121 million share placement. Despite institutional interest, XRP is under bearish pressure, indicated by the Directional Movement Index. While the +D indicator shows a decline, the -D indicator is rising, signaling a bearish trend. However, the Average Directional Index (ADX) suggests a weak trend. XRP is currently trading at $2.1304, with a four-day downward streak. The Relative Strength Index (RSI) is at 37.32, indicating seller control. Key levels to watch are $2.0430 support and $2.2294 resistance for a potential bullish reversal. Read more AI-generated news on: https://app.chaingpt.org/news

#XRP