XRP has faced downward pressure, experiencing a nearly 7% drop in value over the past week. However, its 24-hour trading volume has spiked by approximately 52%, totaling $2.3 billion, indicating heightened activity surrounding the altcoin.

Various technical indicators are pointing towards a bearish trend, such as a weakening RSI, a fully bearish Ichimoku Cloud setup, and a potential death cross approaching in the EMA lines. The direction XRP takes next will likely depend on whether buyers intervene or if the current loss in momentum continues.

The RSI for XRP has fallen to 36.97, down from 49.68 a day earlier. This decline signifies a clear slowdown in momentum, nearing oversold territory which may hint at a potential reversal.

The Ichimoku Cloud analysis for XRP displays a strongly bearish configuration, with the price positioning below the Tenkan-sen and the Kijun-sen lines, indicating downward momentum in the short and medium term.

Moreover, the potential formation of a death cross in the EMA lines might signal a shift towards a sustained downtrend if confirmed, potentially leading XRP to test support levels at $2.11 and further down towards $2.03.

In terms of resistance levels, if XRP manages to reverse its current trend, it could target resistance at $2.18, with a breakout above signaling a possible move towards $2.24 and beyond, depending on overall market sentiment.