Recent developments in the crypto market point towards potential difficulties ahead, especially for XRP. Traders are observing fading bullish momentum and signs of increased volatility as key factors contribute to this prediction. While the price struggles to maintain above its $2.40 support level, the charts reveal a concerning trend, with lower highs and smaller-bodied red candles signaling waning enthusiasm. Additionally, the Bollinger Bands, which indicate volatility, have started tightening, suggesting a potential shift toward downward movement. This comes alongside economic uncertainty stemming from the Federal Reserve’s Beige Book, which paints a picture of a sluggish U.S. economy marked by slow hiring and rising inflation concerns. This combination has triggered market nervousness, especially for speculative assets like XRP. 20-day moving average support is at $2.75, while the Bollinger Band sits near $2.30 – this presents significant resistance. If this level breaks, the next Fibonacci support comes in at around $1.95, followed by $1.50. Meanwhile, XRP faces a descending channel since October 10th. For XRP to reclaim its bullish momentum, a daily close above $2.60 with strong volume is crucial to break the trend.