XRP is currently facing a bearish trend, confirmed by a descending triangle on the daily chart, which poses a risk of an 18% decline to $2.40. The drop in daily active addresses indicates decreased transaction activity and demand for XRP, with daily active addresses plummeting to around 33,000 from over 600,000 earlier in the year. The chart analysis reveals a negative divergence in the XRP/BTC pair, with price increases accompanied by a declining RSI, signaling potential weakness and prompting profit-taking among investors. Moreover, the negative 90-day cumulative volume delta shows intensified sell-side activity, further indicating diminishing demand as sellers dominate the market. A reclaim of the $3 support level is crucial to avoid further declines to $2.24. Without restored confidence and engagement in the network, XRP's price may continue to fall in the short term.

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