XRP's price has turned bearish after breaking below its ascending trendline and EMA cluster, with current trading around $2.27. This shift exposes potential downside targets between $1.80 and $1.70. The bearish sentiment is reinforced by a 15% drop in open interest to $3.54 billion, indicating that derivatives traders are exiting positions. Additionally, spot market activity remains subdued, with only $9 million in inflows. The breakdown from a multi-month symmetrical triangle pattern suggests sellers are in control unless buyers can reclaim the $2.49 EMA cluster.