"The feeling of fear in XRP has reached a peak, and the possibility of a decline continues."

XRP is facing structural weakness with a decline of 7.4% in the past week. Despite this drop, there is strong institutional demand through XRP exchange-traded funds in the United States.

However, social sentiment has dropped to extreme fear levels for XRP, which often illustrates a pattern observed historically before short-term recoveries. Investors are taking a cautious approach during such periods.

The price movements of XRP are following a descending channel line that sits at a critical reversal point marked at $2.030. If this level is broken, deeper declines could be seen.