$XRP XRP is currently experiencing significant price volatility. After a strong rally over the past month of more than 340%, the coin has seen a decline in recent days. Its current price has fallen to around $2.33, after reaching a high of $2.90 on December 3. These volatility factors are due to multiple factors, including heavy selling by investors and high negative trading volume in recent days.

Technically, indicators show resistance at $2.37. If $XRP can break through this level, it could target higher levels of up to $4.83. If it fails, it could return to support levels at $2.20 or even $2.00.

On the other hand, market sentiment towards $XRP has become more cautious, with declining outflows of the coin from exchanges, reflecting a decline in overall optimism about the coin. However, some whales are still withdrawing large amounts to private wallets, which may indicate long-term confidence.

Short-term outlook depends on the ability of the coin to break current resistance or maintain support levels with rising or stable trading volume.