$XRP price has dropped to test a 2024 support level following a 35% crash in the last three months. These losses have been driving a bearish sentiment from traders, with the funding rate remaining negative in the last two days. This signals a surge in short positions despite a potential shift in the US crypto regulatory framework this week as Congress resumes sessions after a two-week recess.
Will XRP Price Hold Key 2024 Support Level as CLARITY Act Enters Pivotal Week?
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