Core Insights - XRP has slipped below the $2.20 threshold due to a daily death cross, indicating renewed selling pressure and a critical support test that may influence the broader market correction into December [1] - Long-term holders and institutional investors are accumulating XRP despite short-term liquidation flows driven by derivatives unwinding and risk-off sentiment in the crypto market [1] Market Dynamics - Binance exchange reserves have decreased to 2.7 billion XRP, the lowest level in over a year, following the exit of approximately 300 million XRP from the platform since October [2] - XRP's price failed to maintain strength driven by ETF inflows, with Franklin Templeton's XRPZ and Grayscale's GXRP experiencing three consecutive sessions of net inflows [2] - The price breakdown from $2.22 to $2.18 confirmed rejection at the $2.23–$2.24 resistance zone, reinforcing a descending price channel observed over the past two weeks [2] Technical Analysis - The death cross adds structural weight to the current price pattern, aligning with a series of lower highs at $2.185, $2.180, and $2.178 [2] - Momentum indicators show persistent selling pressure, with the RSI failing to reclaim the midline and the MACD drifting deeper into negative territory [2] - XRP's price remains below all major short-term moving averages, with the 50-day average slope accelerating downward, historically indicating follow-through selling rather than immediate reversals [2] On-Chain Analysis - On-chain flows indicate an improving underlying bid, with steady ETF inflows and decreasing exchange balances suggesting a shift towards mid-term accumulation despite the bearish near-term chart [2]