According to Gate News bot, XRP is facing increased selling pressure against the backdrop of heightened macroeconomic uncertainty. The ongoing US-China trade friction, mixed central bank policy signals, and the impact of recent ETF rejections have depressed sentiment in risk asset markets. Meanwhile, traders are keeping a close eye on Ripple's RLUSD stablecoin deployment, as well as regional regulatory milestones in Dubai and Singapore, where Ripple's infrastructure continues to expand. However, none of these developments have brought a short-term boost, and XRP has fallen nearly 9% for the week. Market watchers note that a descending channel is forming on the XRP hourly chart, which is a bearish continuation signal with a surge in volume on a test of key resistance levels. Analysts warn that unless buyers are able to reclaim the $2.20 level, the price action could fall further towards the $2.10 area.