In the past 24 hours, XRP has faced intense selling pressure, leading to a decline of more than 5%. Over the past seven days, the cryptocurrency has lost over 12% of its value. This recent downturn has coincided with increasingly bearish technical indicators, such as a sharp increase in trend strength and a significant decrease in on-chain activity.

The weakening price momentum and declining user engagement have raised concerns about XRP's ability to maintain key support levels. Unless there is a swift shift in market sentiment, the path of least resistance seems likely to remain downward.

The Directional Movement Index (DMI) for XRP is currently showing strong bearish signals, with the Average Directional Index (ADX) rising to 47.14 from 25.43 just a day prior. The ADX measures the strength of a trend, irrespective of its direction, and readings above 25 typically suggest that a trend is gaining strength. A reading above 40, as is currently the case with XRP, indicates a very strong trend. Given that XRP is currently in a downtrend, this rising ADX suggests intensifying bearish momentum and a market leaning heavily towards further declines.

Further analyzing the DMI components, the DI, which tracks upward price pressure, has dropped sharply from 20.13 to 5.76. Conversely, the -DI, which tracks downward price pressure, has surged from 8.97 to 33.77. This stark divergence reinforces the bearish trend, indicating that sellers are aggressively taking control while buyer strength wanes.

With the ADX confirming the strength of this move and directional indicators tilting heavily to the downside, XRP’s price could remain under pressure in the short term unless there is a significant reversal in sentiment.

Over the past week, XRP’s 7-day active addresses have seen a sharp decline after recently reaching new all-time highs. On March 19, this metric peaked at 1.22 million, signaling strong network activity and user engagement. However, since then, it has plummeted to just 331,000—a drop of over 70%. This sudden fall suggests that interest in transacting on the XRP network has cooled significantly in a short period of time.

Monitoring active addresses is a crucial method to assess on-chain activity and overall network health. An increasing number of active addresses usually reflects growing user participation, heightened demand, and potential investor interest—factors that can bolster price strength. Conversely, a sharp decline like the one XRP is currently experiencing can signal weakening momentum and fading interest, which could exert additional pressure on the price. Unless user activity begins to recover, this drop in network engagement may continue to weigh on XRP’s short-term outlook.

XRP’s Exponential Moving Average (EMA) lines are currently signaling a strong downtrend, with the short-term EMAs positioned below the longer-term ones—a classic bearish configuration. This setup indicates that recent price momentum is weaker than the longer-term average, often observed during sustained corrections. If this downtrend persists, XRP could retest the support level at $1.90. A break below that could open the door to a deeper drop toward $1.77 in April.

However, if market sentiment shifts and XRP price manages to reverse course, the first key level to watch is the resistance at $2.22. A successful breakout above this point could trigger renewed bullish momentum, potentially driving the price up to $2.47. If that level also gets breached, XRP could push further to test the $2.59 mark.

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