A direct result of this is that the XRP price is still seeing lower highs and lower lows, which is indicative that the sellers are still very much in control of the price. At this juncture, the analyst explains that the XRP price is currently still trapped under bearish pressure due to this.
On the flip side, if bulls want to invalidate the bearish thesis, then they would have to get the price above $2.5. If the XRP price is able to break through this major resistance with momentum, then there could be a turn in the tide for the digital asset.
