#July Market Forecast #XRP XRP recovery halts amid declining open interest
The correction from the highest level ever, which was achieved on July 18, can be attributed to the cryptocurrency price break last week when the price of Bitcoin (BTC) slightly dropped below $115,000.
Other factors that may have contributed to the sell-offs, which saw the price of XRP drop to the support level of $2.95, include potential profit-taking activities and a shift in market sentiment, especially with the release of key macroeconomic data from the United States this week.
John Isige John Isige
FXStreet
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