XRP is encountering bearish signals as it tests the monthly trend ribbon, a level historically associated with significant declines. The cryptocurrency is currently trading below key resistance levels, with sellers maintaining control over the price action. Daily structures indicate weakness, and XRP remains in a descending channel, struggling to rise above $2.40. The asset is also trading below major moving averages, with the $1.80 area providing some support. However, buyers have yet to demonstrate the strength needed to shift the trend to bullish. A sustained close below the trend ribbon could confirm further downside potential for XRP.