XRP price struggles amid deteriorating crypto market conditions, facing pressure and failing recovery attempts. Investors accumulate in defense of key support levels, but liquidation data indicates rising downside risk. Long traders at risk of $25.4 million in liquidations near $2.02, potentially erasing bullish confidence. Despite short-term weakness, macro indicators suggest improving demand with net outflows from exchanges. Transition from distribution to accumulation signals medium-term recovery possibility. XRP trading near $2.06, holding above critical $2.03 support level. Broader market weakness could override bullish efforts, triggering long liquidations and potential drop to $1.93.

Read more at Yahoo Finance: XRP Price Recovery Rejected Again, Can It Avoid Falling Below $2?