The XRP cryptocurrency has been trading within a narrow price range between $2.76 and $2.30 since February. However, technical indicators now suggest that the bears may gain the upper hand, potentially leading to a price breakdown. The growing bearish bias is reflected in XRP's Chaikin Money Flow (CMF) indicator, which shows capital flowing out of the asset. Additionally, XRP is trading below its 20-day exponential moving average (EMA), indicating a shift to a downtrend. A break below the support at $2.30 could trigger a further decline, potentially reaching $2.13 or even $1.48. However, if there is a strong resurgence in XRP demand, the bearish projection could be invalidated, and the price could break above resistance at $2.76 and move towards its all-time high of $3.41.



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