XRP's price has seen minimal movement, only changing by 2% in the past week, struggling to stay above $2.50 recently. Its market cap has dropped to $140 billion, while trading volume has risen by 47% in the last 24 hours, hitting $5.6 billion.

Despite the positive shift in the Chaikin Money Flow (CMF), indicating a rise in buying pressure, network activity has dwindled. The EMA lines for XRP still suggest a bearish trend, with the price trading in a crucial range that could determine whether it bounces back towards $3 or faces a 26% downturn.

The CMF for XRP is on a rapid ascent, currently standing at 0.13, a significant rise from -0.06 just a day earlier. This switch to positive territory signals a surge of money flowing into XRP, potentially reigniting interest from buyers.

XRP's network activity has hit a decline, with active addresses dropping to 231,000, the lowest in a month. This decrease implies a slowdown in user engagement, which could impact price movements negatively.

Observing the EMA lines, XRP's price is currently navigating between a support level at $2.26 and a resistance at $2.54, indicating a critical zone. In case of increased bearish pressure leading to a breach of the $2.26 support, XRP might witness a considerable drop to $1.77, representing a potential 26% correction.

On the flip side, if buying momentum strengthens and an uptrend emerges, XRP could target the $2.54 resistance, aiming for levels like $2.65 and potentially even $2.96. Positive developments like increased network activity and the approval of an XRP ETF could further boost bullish sentiment, potentially propelling XRP above $3 and towards the next major resistance at $3.15.