XRP's price has shown a 7% recovery in the last ten days, spurred by a general crypto market rebound and developments in Ripple's long-standing lawsuit with the SEC. However, onchain data indicates weak buying activity, with XRP currently trading 30% below its multi-year high of $3.40. The futures market for XRP seems bearish, with perpetual futures open interest remaining under $4 billion and negative funding rates prevailing, reflecting bearish sentiment. Whale activity has been notably quiet, contributing to a stable price range. Traders are monitoring critical support levels, particularly the $2.40 mark. If this support holds, there may be opportunities for upward movement; if not, XRP could test lower levels, potentially targeting the $2.22 to $1.90 range. Analysts suggest that the price movement remains constrained unless significant catalysts emerge, stressing the need to watch for price breaks in either direction for clearer market direction.

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