$XRP is still trading below its 50, 100, and 200-day moving averages. This situation confirms the dominant bearish trend on higher timeframes. Additionally, the asset continues to show lower highs and lower lows, reinforcing structural weakness. However, recent slowing of selling pressure has allowed the price to stabilize. $XRP is now fluctuating between $1.30 and $1.45, forming a clear range. This phase indicates either accumulation or distribution, although confirmation remains absent.