XRP is falling towards the $2.20 support line, and a death cross is approaching. It has fallen 15.32% in the past week and is now testing the $2.20 support level. From a technical perspective, a death cross is about to form, which is a strong bearish signal.

Although Ripple just secured a $500 million investment from Citadel Securities, raising its valuation to $40 billion, these favorable factors could not withstand the selling pressure. The trading volume surged by 84% during the decline, indicating a large amount of chips are changing hands.
If the 2.20 defense line is breached, it will confirm the bearish trend, possibly falling towards 2.15 or even lower. Market sentiment and technical aspects are weakening, and more caution is needed in the short term.