Recently, Ripple ($XRP ) has been facing strong bearish pressure. Sellers are not allowing the altcoin's price to break out of the consolidation it has been in for three consecutive weeks.

XRP traders are losing confidence.

The Long/Short ratio for Ripple shows that short-sellers currently dominate the cryptocurrency market. This dynamic reinforces the bearish thesis, as most investors are expecting a decline in the altcoin rather than its growth.

Against the backdrop of uncertainty in the broader digital asset market, this factor makes XRP more vulnerable to market fluctuations. In the current environment, without strong bullish signals, the token will struggle to initiate a rise.

Meanwhile, the Relative Strength Index (RSI) values for Ripple are decreasing. This further emphasizes the strength of the bearish trend in the altcoin market.

However, the RSI is still holding above the neutral line, indicating that the dominance of sellers cannot yet be considered absolute. In such a situation, XRP has a faint chance of recovery. Nevertheless, without buyer support, the cryptocurrency will not be able to start a rally; it is more likely to continue consolidating or even declining.