XRP price continues to face downward pressure, trading within a crucial range while technical indicators hint at possible risks ahead. Although the recent 64-minute transaction pause has been resolved, investor confidence remains subdued.

While XRP's CMF remains in positive territory, it has shown signs of weakening, and active addresses on the network have dropped by almost 50% from their peak in December. There are concerns about a potential death cross forming on the EMA lines, which could lead XRP to test lower support levels unless there is a resurgence in hype and buying activity to push it above key resistance levels.

XRP's Chaikin Money Flow (CMF) currently stands at 0.19, down from 0.26 a couple of days ago, indicating a slight decrease in buying pressure. Despite this decline, the indicator has stabilized around 0.19 and 0.20.

The decrease in active addresses on the XRP network, currently at around 256,000, down from 407,000 two weeks ago, suggests a slowdown in network activity. This decline could signify reduced demand or transaction volumes, portraying potential fading momentum.

Looking ahead, XRP's EMA lines hint at a possible death cross formation, which could drive the price towards the $2.32 support level. A further decline in active addresses and weakening CMF might push XRP below $2, with key support seen at $1.99.

However, a resurgence in investor interest and network activity could propel XRP past key resistance levels, potentially reaching $3 and beyond. Strengthening buying pressure and improved network engagement are crucial factors that could steer XRP towards a bullish breakout in the coming months.

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