XRP is currently trading at $2.40 with a market valuation of $138 billion and a 24-hour trade volume of $6.41 billion. The price fluctuated between $2.36 and $2.55 during the session, remaining 29% below its historic peak. Sellers dominate the market, but there are signs of stabilization. Breaking above $2.50 could lead to a rally towards $2.60, while falling below $2.35 could trigger a descent to $2.30 or lower. The daily perspective shows a retreat from a high of $3.40, with $2.40 serving as a critical level. Technical indicators offer mixed signals, with bearish moving averages in the short term. However, if XRP can hold the $2.40 support level, there is potential for a relief bounce and a breakout above $2.60 could lead to higher targets. Overall, XRP remains in a downtrend with consistent selling pressure, and a break below $2.35 could accelerate losses.



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