XRP has experienced a 15.4% increase over the past month, but a recent 8.6% drop in the last four days indicates growing short-term pressure. Despite this, XRP remains one of the worst-performing assets among the top 20 cryptocurrencies, lagging behind only BNB and TRX during this period.

While momentum indicators like RSI are trying to stabilize, concerns are raised due to the formation of a red Ichimoku cloud and weakening EMA structure. XRP is currently facing a crucial moment as it encounters key resistance levels and the potential formation of a death cross, which will play a significant role in determining its future direction.

The Relative Strength Index (RSI) for XRP has rebounded to 47.52, showing a significant increase from the recent decline. Even though the RSI is still below the neutral level, the upward movement may signify renewed interest or a short-term relief rally following recent losses.

A recent development in the ongoing lawsuit involving the SEC and Ripple, where a joint settlement request was rejected, leaves the original penalties and injunctions in place. This legal battle could impact XRP's price in the coming weeks.

The Ichimoku chart for XRP indicates a shift in market structure, with a red cloud forming, potentially signaling increased bearish pressure. The narrowing gap between the Kijun-sen and the price line adds to the short-term tension, emphasizing the need for bullish momentum to prevent a downward trend.

XRP is nearing a crucial resistance level, while the short-term EMAs are declining, increasing the likelihood of a death cross if the current momentum persists. Failure to break above the resistance zone may lead to renewed downside pressure, with key support levels lying at $2.15 and $2.07. Significant buying pressure is required for XRP to avoid further decline amidst the resistance overhead.