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XRP is down 3% and now trades at $1.32 per coin.
XRP's futures Ol has been declining, indicating a waning retail interest.
XRP could retest the February 6 low of $1.12 if the bearish trend persists.
The cryptocurrency market has continued its weekend selloff into the new week as Bitcoin, Ether, and XRP are all in the red.
Bitcoin has dropped below the $63k level, while Ether is now trading below $1,900 once again.
XRP, the third-largest non-stablecoin cryptocurrency by market cap, is trading close to the $1.30 level after losing 3% of its value since Monday.
It broke the intra-day low of $1.33 during the Asian trading session and could be set to record further losses in the near term.
Declining derivatives data plunges XRP lower
XRP has lost 7.5% of its value in the last seven days amid mixed signals from the broader cryptocurrency market.
CoinShares revealed in its latest report that
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