XRP has been experiencing a decline, falling by 10% in the past week. The bearish momentum is getting stronger, and there is a lack of buying interest, suggesting further losses may be on the horizon. XRP has been trading within a descending parallel channel, indicating a downtrend. It is currently trading below its 20-day exponential moving average, suggesting a bearish phase. The Chaikin Money Flow indicator is also indicating weakening buying pressure and increasing selling dominance. If new demand does not increase, XRP could drop below $2 and potentially reach a low of $1.47. However, if selling pressure decreases and buying activity increases, there is a chance for XRP to surpass resistance and reach its all-time high of $3.40.



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