XRP has recently shown weakness in the short-term cycle. On the 1-hour candlestick chart, the price broke below the 120-period moving average and directly hit the 2.1138 level. The RSI indicator hovered around 19.7, lacking clear technical rebound signals.

Interestingly, during the decline, trading volume suddenly increased, but this volume mostly came from retail investors cutting losses, indicating mostly panic selling. In contrast, large institutional funds remained relatively silent, with no signs of absorbing the sell-off yet.

From the current situation, this wave of decline may not have been fully released, and there is a possibility of further downside. The current quote hovers around 2.1154, and in the short term, this level remains in a weak zone. Investors should closely monitor subsequent trading activity and technical developments.