• XRP is priced at $2.83, showing a 1.39% daily drop and 7.43% weekly decline, with trading volume up 19.15% to $7.68B.
• Analysts highlight bearish pressure, pointing to key support levels at $2.63, $2.50, and $2.42 as critical zones.
• The long-term outlook stays bullish above $1.90, while short-term momentum faces resistance close to the $3.00 mark.

Ripple (XRP) is currently trading at $2.83, showing a 1.39% decrease over the last 24 hours. Trading volume is optimistic with an increase of 19.15% and currently at $7.68 billion. Although the activity is on the rise, the trend is weak during the week. XRP’s price has registered a 7.43% decline in the past seven days.

Source: CoinMarketCap

Analysts observe price pressure in the short run. The decline signals market caution around XRP. Continued investor interest is demonstrated by higher trading activity. The descending weekly trend is, however, an indication of strong resistance. Before a potential recovery, traders are eyeing major support levels.

XRP Faces Pressure but Retains Long-Term Uptrend Potential

Analyst Crypto Jobs highlighted that XRP exhibits neutral patterns on the daily chart; however, shorter periods suggest a bearish arrangement. Analysts anticipate a trend toward the demand zone of $2.50 to $2.55, provided that pressure remains consistent. The levels of support at $2.63, $2.50, and $2.42 are still critical points that the buyers must defend since crossing lower than these levels may attract further losses.

Source: X

The long-run forecast remains positive above $1.90 even with the correction. Market analysts observe that this level will keep the larger uptrend in place and hope of recovery alive. In the short term, traders are more reserved, yet technical indicators indicate that the long-term argument of XRP is still valid in case of support.

Source: X

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Ripple Futures Volume Jumps as Open Interest Strengthens

CoinGlass data shows strong derivatives activity. The volume of trading rose 35.13 percent to 9.24 billion dollars. However, open interest has risen 2.73 percent to 8.01 billion dollars. The funding rate holds at 0.0046%. These metrics demonstrate dynamic positioning by traders. Conviction on either side of the market is indicated by an increase in open interest and volume.

Source: CoinGlass

RSI Holds Above 40 as MACD Shows Continued Market Pressure

The Relative Strength Index (RSI) is 42.68. This is a lower reading than the neutral point of 50. It puts XRP near the oversold zone. Sellers dominate the market sentiment. A potential rebound may be permitted by an RSI of more than 40. A drop of less than 40 would boost selling pressure and prolong losses.

Source: TradingView

Moving Average Convergence Divergence (MACD) contributes bearish indicators. The signal line is located at -0.02095, while the MACD line is -0.02391. The histogram lies at -0.04485, and this is indicative of negative momentum. There is no bullish crossover in sight. Market direction is weak unless the gap decreases. 

XRF has a short-term bearish outlook as gains are limited by resistance at around $3.00. Price may fall to $2.50 mainly provided sellers remain active and the long-term picture is bullish above $1.90. The market’s attention is currently directed toward the critical areas of support and the indicators of a new momentum.

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