#XRP Facing Bearishness

Ripple CEO Brad Garlinghouse recently appeared on “60 Minutes” where he spoke about XRP and crypto. Discussing the future of crypto in light of regulatory challenges, Garlinghouse stated that Ripple has been asking for clear rules.

“We’re not asking to be unregulated. We’re asking to be regulated,” Garlinghouse said.

Regulation in the crypto space has been a concern for some time now. However, with the pro-crypto Donald Trump in office, crypto enthusiasts are hoping that this could change.

However, the current XRP price outlook is not very optimistic. The Daily Active Addresses (DAA) Price Divergence has been flashing sell signals for the past few days. Rising prices and declining participation (active addresses) are bearish signs for XRP.

Historically, this development has led to price declines, and the same could happen to XRP this time around. This could be overcome by long-term investors and XRP enthusiasts who intend to HODL through bearish conditions.

In addition, the Moving Average Convergence Divergence (MACD) indicator also shows a change in momentum. After more than a month of positive momentum, the MACD is now showing signs of bearish pressure.

This change indicates that the XRP bull trend has lost steam, and a price reversal could be imminent. Investors, who were previously optimistic about XRP's potential, are now facing increasing uncertainty.

The decrease in momentum suggests that XRP may have difficulty breaking through key resistance levels. With the MACD showing a bearish crossover, many traders are reassessing their positions. This change suggests that the XRP price could face further downward pressure, making it more difficult to reach a new ATH above $3.31. $XRP #xrp