*$XRP Faces Downside Pressure as Key Levels Come Into Focus**
XRP is showing renewed weakness after slipping back below the crucial **$XRP 2.20** level, with a recent **daily death cross** adding to bearish sentiment. The rejection from the **$2.23–$2.24** resistance zone confirms XRP’s ongoing descending pattern, and traders are now watching the **$XRP #2.17–$2.18** support as the next major decision point.
Despite short-term pressure, **on-chain data presents a mixed but interesting picture**. Both Franklin Templeton’s **XRPZ** and Grayscale’s **GXRP** have recorded steady ETF inflows, signaling continued institutional interest. At the same time, Binance’s XRP reserves have fallen to a **one-year low of 2.7B XRP**, with nearly **300M XRP withdrawn since October** — a sign that long-term holders may be accumulating during weakness.
However, technicals remain clearly bearish. RSI continues to reject the midline, MACD stays negative, and XRP is trading below all major short-term moving averages. The slope of the 50-day MA is accelerating downward, a historical signal for extended corrections.
If **$2.17** breaks, downside targets move toward **$2.08** and potentially **$1.90**. For bullish momentum to return, XRP must reclaim **$2.20** and break above **$2.23–$2.24** with strong volume. Until then, any bounce is likely corrective rather than trend-changing. #WriteToEarnUpgrade
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