XRP has faced increasing selling pressure as bearish market conditions have pushed the altcoin to a monthly low. Investors looking for a recovery may be disappointed, as the altcoin remains vulnerable to further declines. 

Weak market participation and negative momentum are signaling the potential for additional losses in the near term.  

XRP Investors Are Skeptical

The Price Daily Active Addresses (DAA) Divergence indicator is currently flashing a sell signal. This bearish signal stems from a combination of falling prices and declining investor participation.

With fewer active addresses interacting with the network, buying momentum appears to be weakening, making XRP vulnerable to continued downside movement.  

As the drawdown continues, investors are stepping back, further dampening buying interest. If this trend persists, it could accelerate XRP’s decline. 

XRP’s Relative Strength Index (RSI) has dropped to a three-month low, reinforcing the strong bearish momentum. The RSI, which measures market strength, indicates that selling pressure is intensifying.

If this trend continues, XRP could soon enter the oversold zone, further limiting any chances of an immediate rebound.  

A dip into the oversold territory typically suggests that an asset is undervalued, which can sometimes trigger a price recovery. However, XRP’s historical performance indicates that prolonged bearish conditions could extend losses before any meaningful reversal.

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Author: Aaryamann Shrivastava

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