The price trend of XRP ( in recent times has shown a clear downtrend after a consolidation phase. Market data indicates that XRP experienced a period of sideways consolidation within the range of $2.20 to $2.28, but the channel was subsequently broken, leading to significant selling pressure.

After multiple unsuccessful attempts to break through resistance, the price structure of XRP has changed, ultimately falling to a support level of $2.08. Although there has been a slight rebound from this level, there is still a lack of clear directional signals.

From a technical perspective, XRP needs to firmly regain the 2.18 USD level to attract sufficient buying power. It is worth noting that if the price continues to fail to break through the dynamic resistance marked by the red moving average, the market may continue to lean towards bearish sentiment.

The current XRP trend is at a critical crossroads, and investors should closely monitor the changes in these price levels to determine the direction of the mid to short-term trend.