XRP Stays Weak Below Resistance as Bearish Pressure Builds On Thursday, Ripple (XRP) was trading near $1.297 and facing difficulties in gaining traction as geopolitical tensions, especially the ongoing war involving Iran, continued to put pressure on risky assets. This week, XRP made a recovery attempt but failed near $1.37 on Monday, highlighting the risk-off mode and outflows from digital assets. On-chain data shows weak participation. Active addresses on the XRP Ledger dropped sharply by around 42%, from nearly 32,000 on Tuesday to about 18,000 on Wednesday. The network is experiencing less activity, and buyer interest is dissipating. Again, statistics from CryptoQuant show that demand for XRP has been weak since the beginning of February, with only a few rises in the number of people using the asset. This results in limited buying pressure. Institutional sentiment is also cooling. XRP-focused ETFs recorded outflows of $1.32 million on Wednesday, following muted flows earlier in the week, and $2.3 million in outflows on Monday. These outflows only depict weakening investor confidence and reduce the prospects of a sustained recovery. From a technical standpoint, XRP continues its bearish trajectory on the 4-hour chart, marked by a series of lower highs and lower lows within a descending channel. Price faced rejection near the mid-channel resistance zone and is now retesting the first significant support $1.27–$1.26. That could further extend the losses towards support lines at $1.21–$1.22, a significant liquidity zone. On the upside, the $1.30–$1.32 area has become an immediate resistance. There is a need for a move beyond this range to change short-term sentiments, with resistance further seen at $1.36–$1.40 and then $1.47. Momentum indicators remain in favor of downside. Momentum indicators still favor the downside as MACD has crossed lower an indication of weak bullish momentum and RSI at 40 has room for a slide further before the momentum indicator is in oversold territory. On the flipside, the bearish bias will remain until the XRP bulls push prices above $1.30–$1.32, and XRP likely moves toward $1.22. The invalidation of this structure requires a confirmed breakout past resistance and a subsequent recovery. #GateSquareAprilPostingChallenge #CryptoMarketSeesVolatility $XRP ‌