Over the past week, XRP whales accumulated approximately 40 million tokens, indicating cautious confidence among major holders during a period of price uncertainty. Although the TD Sequential indicator has issued a potential buy signal, suggesting selling pressure is easing, momentum indicators remain weak. The RSI indicator stands at 43.86, indicating bearish pressure still exists, and if the MACD shows a bearish crossover, XRP could retest the February lows. The future direction will depend on whether demand can recover to challenge the $1.50 resistance level, or if weak momentum will lead to further decline.

XRP is testing key support near $1.38, with the RSI indicator showing bullish divergence, suggesting that selling pressure is weakening. Despite minimal institutional ETF inflows, retail demand remains strong, with over 5.6 million wallets holding small amounts of XRP, and spot ETF total assets under management exceeding $1 billion.

Despite some positive progress for (XRP), its price continues to decline, breaking through key support levels at $1.452 and $1.4236, with the next major support level near $1.38. Analyst RLida warns that the market faces substantial bearish pressure, with increasing risks of further downside. On-chain data shows a significant decline in participation on the XRP ledger, with daily trading volume, transaction count, and the number of independent accounts all declining, indicating sustained bearish sentiment in the market.