XRP plummeted 15.32% this week and is currently defending the $2.20 mark. The death cross on the technical chart is about to form—this thing usually doesn’t bring good news. To be honest, Ripple recently secured $500 million from Citadel Securities, which pushed its valuation to $40 billion. One would expect it to rise, right? However, the market is completely unimpressed, and the sell-off is still fierce. What's even more alarming is that the trading volume surged by 84%, clearly indicating that large investors are frantically unloading their holdings. The current situation is quite delicate: if the support at 2.20 cannot be held, the bear market pattern will basically be confirmed, and the next stop will likely be 2.15, or it may even continue to probe lower. Both technical indicators and market sentiment are weakening, so it's best not to be too aggressive in the short term.