XRP price keeps losing ground despite upcoming Ripple Swell event

Anticipation of Ripple’s annual event failed to lift investor sentiment as XRP price risked dropping to $2 in the coming days or weeks.

Key takeaways:

XRP price dropped 7.5% this week despite the upcoming Ripple Swell event, which has historically sparked pre-conference rallies.

XRP’s rounded top chart pattern projects a drop to $2.09 if support levels fail to hold.

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