XRP’s price is under significant pressure, reflecting a decline of over 5% in the last 24 hours. The bearish sentiment is underscored by a slump in active addresses, which dropped from 1.22 million to 331,000 in one week.

The Directional Movement Index indicates a robust bearish trend, with an ADX of 47.14. Additionally, the Exponential Moving Average alignment suggests possible further declines, increasing pressure near support levels of 1.90 USD and 1.77 USD.