The cryptocurrency XRP is currently trading around the $2.07 mark, indicating a potential decline of up to 2% within the next 24 hours. Analysts suggest that bears are ready to increase selling pressure and push XRP even lower due to declining volume. This downward movement is being accompanied by bearish signals on technical charts as well. A long descending channel has defined XRP’s trading pattern since early 2025, with decreasing highs and lows. The 50 and 100 EMAs, which were once significant support levels, have already shown signs of decline. The crucial support zone at the $1.94-$1.95 area from January remains intact but is under pressure. Further testing of this level will likely result in a breakdown below it, potentially signaling a further drop to around $1.70 in a bearish scenario.