XRP is experiencing a steep decline, struggling to maintain gains above crucial support levels amid a weakening market. Traders are bracing for potential weakness as the cryptocurrency’s bullish momentum falters. 0ur analysis suggests a renewed pressure on XRP as investors turn cautious in light of its fading recovery prospects. 0n the technical front, the token is battling to stay above critical resistance at $2.90-3.00 after repeated failed attempts to break through. 0ver the past few days, a descending triangle pattern has emerged, signaling potential downside momentum. Near $2.85 on the 100-day EMA, XRP faces a major challenge that could trigger a break below its 200-day EMA at around $2.63 if it loses this support. This technical downturn is also reflected in market data. CoinMarketCap shows a significant drop in XRP’s market capitalization, falling from $177.8 billion to roughly $170.9 billion in just one day. This decline wiped billions off its total value. Trading volume is also subdued at around $6.04 billion over 24 hours, highlighting cautious investor behavior. The relative strength index (RSI) currently sits in neutral territory, suggesting a lack of strong buying momentum for XRP to rebound. As market sentiment weakens, analysts warn that losing the 100-day EMA could trigger another sharp correction. With structural weaknesses and reduced trading enthusiasm, further declines seem likely in this volatile market environment. The upcoming sessions will be crucial to determine if XRP can regain momentum or succumb to a deeper downturn.