XRP Melts Slowly Like ice cream under Sun

XRP has been capped since early 2025 and is approaching a critical point on the charts, just below a significant descending resistance line. According to Coinglass data, the asset is tightly compressed between this resistance near $2.22 and the 200-day Exponential Moving Average at roughly $1.99. The long/short ratio for Ripple XRP is near 1, indicating that more traders are betting on a decline than a rally. This ratio has stayed below 1, suggesting that bearish sentiment has taken over for nearly two weeks. The volume of derivatives is relatively high despite a slight decline in open interest, indicating that traders are still active, albeit primarily short, in anticipation of a decline. XRP is trading at $2.14 on the technical front, just above $2.05, a critical support level. If that threshold is breached, there may be more drastic short-term drops. Although neutral at 47, the relative strength index is steadily dropping. It is not yet oversold, so a further drop is still possible. Trading activity has slowed considerably, with volume and volatility falling. Even though the price has been muted, historical trends indicate a good chance of a significant breakout after the consolidation phase ends. If the resistance is not overcome, focus may shift to the lower support levels. A decline toward $1.85 or even $1.70 could result from a breakdown below the $2.00–$1.99 range. Additionally, a descending triangle pattern is emerging, which traditionally suggests further declines if supported by persistently low volume or market weakness.