Despite some positive progress for (XRP), its price continues to decline, breaking through key support levels at $1.452 and $1.4236, with the next major support level near $1.38. Analyst RLida warns that the market faces substantial bearish pressure, with increasing risks of further downside. On-chain data shows a significant decline in participation on the XRP ledger, with daily trading volume, transaction count, and the number of independent accounts all declining, indicating sustained bearish sentiment in the market.