The XRP price is facing downward pressure and is trading within a key range, with technical indicators signaling potential downside risks. The recent outage did little to boost investor confidence. XRP's CMF has weakened and the number of active addresses has dropped nearly 50% from its December peak. There is a possible death cross forming on its EMA lines, indicating lower support levels unless renewed buying pressure and hype push it back above resistance zones. The CMF has stabilized around 0.19, suggesting buying pressure has weakened but remains positive. If XRP stays in its current range, it could consolidate, but a move below 0.15 may indicate increasing weakness. The decline in active addresses suggests a slowdown in network activity and possibly reduced demand. A rebound in active addresses would indicate renewed investor and user interest. XRP's EMA lines indicate a potential new death cross, which could lead to a test of support levels at $2.32 and potentially $2.20. A continued decline in active addresses and a weakening CMF could push XRP below $2, confirming a deeper bearish trend. On the other hand, if hype around XRP returns, it could break resistance levels and test higher prices. A strong breakout above $2.60 could lead to a test of $2.82 and potentially push XRP above $3. A further rally could see it reach $3.15 and even $3.40, increasing the chances of it reaching $4 in February. Improved buying pressure and network activity are needed for this bullish scenario to play out.



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