XRP is in a critical zone right now. I noticed that the price has been stuck between $1.25 and $1.40 for over two weeks, and the current price is around $1.44. It has dropped about 16% from its March high, which is not surprising given the selling pressure we're witnessing.

The real problem is that whales are systematically liquidating their positions. Since October, they have sold approximately $6 billion worth of XRP, using every price rebound to exit. Additionally, $160 million flowed into exchanges over just two days, indicating a potential upcoming sell-off. News related to cryptocurrency news and the new classification as a digital commodity haven't helped much — many sold on the news to lock in profits.

From a technical perspective, the picture is bearish. The 20-day moving average crossed below the 50-day moving average, the Relative Strength Index dropped below the neutral level, and indicators suggest a possible decline to $1.12. If this level is broken, we might see additional pressure toward $1.00.

Another concerning factor is the collapse of open interest in futures contracts. It has remained around $2-3 billion for over a month, whereas it was $9 billion in October. This indicates that derivatives traders have completely lost interest.

However, some analysts remain optimistic in the long term. There are predictions of a rebound exceeding 500% if XRP breaks the descending triangle pattern that has lasted about 9 years on the monthly chart. But this is a long-term scenario, and the short term looks risky. Cryptocurrency news and current developments point to ongoing downward pressure.