In recent trading sessions, XRP has encountered significant selling pressure despite positive news developments. Over the past 24 hours, the token's value has declined by nearly 5%, and over the past week, the decline extends to approximately 8.5%. This downward trajectory has been accompanied by multiple \"death crosses\" on the exponential moving average (EMA) charts, which occur when shorter-term EMAs fall below longer-term ones, signaling sustained weakness.

Recently, XRP received notable attention following an announcement of a $300 million investment from a Chinese artificial intelligence company and a $121 million treasury raise led by VivoPower, which has ties to Saudi Arabia. However, these announcements have not been enough to counteract the prevailing bearish sentiment. Technical indicators are currently pointing to a market dominated by sellers, with the Relative Strength Index (RSI) dropping sharply to 32.32 from 48.68 within a single day. This rapid decline underscores intensifying selling pressure and suggests that XRP is nearing oversold territory without breaching it.

The RSI, a widely used momentum oscillator, provides insights into whether the asset is overbought or oversold. Values above 70 generally indicate overbought conditions, while readings below 30 signal oversold conditions. At present, XRP's RSI is hovering close to the oversold threshold, implying that a further downturn could attract technical traders looking for rebounds. Conversely, stabilizing prices at current levels might help prevent deeper declines.

Notably, XRP's RSI has not fallen below 30 since early April, indicating that although recent corrections have been substantial, they have not yet reached the extreme levels seen during more severe market drawdowns. This current RSI reading suggests that XRP may be approaching a potential exhaustion point in its downtrend. Should buying interest resurface, the token could stabilize or attempt a recovery.

The Directional Movement Index (DMI) further supports the bearish narrative. The ADX, which measures trend strength without specifying direction, has risen to 34.78 from 27 in a single day. Levels above 25 typically denote a strong trend, while readings above 30 signify a very strong one. The sharp rise in ADX confirms that the current trend is gaining momentum. The directional indicators reveal that -DI, representing selling pressure, has surged to 32, while DI, indicating bullish momentum, has fallen to 8.57. This divergence highlights a robust bearish trend, with declining bullish momentum and increasing selling pressure.

XRP's exponential moving averages have recently exhibited several death crosses, reflecting persistent downward pressure as the token struggles to reclaim the $2.50 mark. These bearish crossovers, where shorter-term EMAs drop below longer-term ones, indicate weakening trends and align with XRP's inability to return to bullish territory. If the correction continues, XRP may revisit support at $2.07. A failure to maintain this level could lead to a drop below $2, a price not seen since early April. Such a move would likely signal a broader shift in market sentiment and potentially amplify bearish momentum.

Conversely, a reversal in buying interest could alter the outlook. Key resistance levels include $2.26, $2.36, $2.47, and $2.65. A successful breakout above these levels, supported by strong trading volumes, could invalidate the current bearish EMA configuration. Until then, the presence of multiple death crosses serves as a cautionary signal that downward pressure remains dominant unless buyers can orchestrate a significant recovery.

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