XRP has experienced a 10% increase in the past week but saw a 4.6% correction on Thursday, indicating a possible shift in momentum. Indicators such as the RSI falling below 50, the Ichimoku indicators showing the price slipping under key support lines, and the narrowing EMA gap collectively suggest a weakening short-term strength.

Despite XRP's overall bullish trend, its indicators now indicate increased vulnerability. The potential depth of the recent pullback or the likelihood of a rebound will depend on how XRP behaves around current support levels.

The RSI for XRP has significantly declined from 65.13 to 46.95, signaling a loss of bullish momentum within a short period and positioning XRP in the lower range of the neutral RSI zone. This drop reflects a change in sentiment as traders might be refraining from aggressive buying following recent price movements.

XRP's current RSI of 46.95 indicates neither oversold nor overbought conditions, but a downward trend could suggest weakening demand. A continued fall towards 30 in the RSI may indicate increased bearish pressure, while a bounce from current levels could assist XRP in stabilizing and attempting a recovery.

The Ichimoku Cloud chart for XRP shows a shift in momentum as the price has dropped below the Tenkan-sen and Kijun-sen lines, signaling a short-term bearish trend, especially when the price trades below the Kijun-sen. While the longer-term outlook remains bullish, the narrowing cloud indicates weakening trend strength and susceptibility to a potential reversal.

XRP's EMA lines remain bullish, with shorter-term averages higher than the longer-term ones, confirming the overall positive trend. However, the narrowing gap between these lines suggests a possible decline in momentum. Failure to maintain support at $2.42 could lead to a deeper correction, with downside targets at $2.32, $2.25, and $2.15 if bearish pressure intensifies.

Although vulnerable, XRP has seen an 11.7% increase in the last week, signaling investor interest. If positive momentum continues, XRP could challenge the $2.65 resistance level, potentially paving the way for a move above $2.70, a price not observed since March 2.