🟣XRP remains locked in a downtrend, trading near $2.07 after a turbulent week. The price is holding below key moving averages and a long-term trendline that has capped upside attempts since July. Selling pressure is being reinforced on the spot market, where net outflows have surpassed $6.6 million — a signal of ongoing distribution and weakening buyer activity.
🟣At the same time, derivatives positioning remains heavily skewed toward longs, raising the risk of a sharper decline if another sell-off hits the market. A successful move above $2.27 could open the door to a recovery. However, losing the $2.00–$1.95 support range would reactivate the descending channel and likely deepen the correction. In the near term, XRP’s trajectory will depend on the balance between persistent supply pressure and attempts at technical rebounds.