In the past week, XRP has only seen a 2% increase, indicating a lack of strong momentum and dwindling interest from buyers in the short term. Technical indicators such as the RSI, Ichimoku Cloud, and EMA lines are showing increased bearish pressure. Analyzing the charts reveals that buyers are losing control, with XRP's RSI dropping to 46.34 from 57.30, suggesting a shift in momentum and reduced buying activity.

Rapid declines in RSI often indicate traders taking profits or adjusting their positions, following a period of modest gains. While XRP has not yet reached oversold levels, dropping below the 50 mark is typically viewed as bearish, hinting at a shift in sentiment from bullish to neutral or bearish. The Ichimoku Cloud chart also indicates a shift towards short-term bearish momentum, with the price falling below key lines and entering a zone of uncertainty.

The EMA lines for XRP suggest weakness, with the price facing resistance near $2.17 despite speculations about a potential partnership with Swift. Multiple rejections at this level indicate strong selling pressure, with the EMAs signaling fading momentum as the shorter-term average starts to trend downward. A potential death cross is looming, which could lead to a deeper correction and a retest of support levels at $2.02 and $1.96. A breakdown below these levels could see XRP falling towards $1.61, while a successful breach of $2.17 could target $2.24 and potentially trigger a stronger rally towards $2.35 or $2.50.