XRP is in a consolidation phase after a significant rise, showing signs of fatigue. The analysis indicates a neutral technical context.
XRP Technical Analysis
XRP stabilizes around $2.14, trading in a consolidation phase following a strong rise. Over the past week, the cryptocurrency decreased by 4.33%, contrasting with a previous increase of 7%. This decline is accompanied by a significant drop in spot market volumes, down by 33%, indicating increased investor caution. Technical analysis shows that long-term and medium-term trends remain neutral, while short-term momentum indicates a loss of speed, with emerging selling pressure.
Key XRP Levels
XRP is currently above its monthly pivot point ($2.05), supporting a short-term bullish bias despite the recent break of the $1.9 support. Resistances at $2.36, $2.6, and $3 mark potential distribution zones. On the downside, key support levels are at $2, $1.9, and the $1.7–$1.6 range. The high value area ($2.4) is a critical threshold: a breakout could trigger a bullish imbalance.
Derivatives Analysis
Open interest remains stable, indicating unchanged exposure and lack of strong speculative conviction. The CVD shows selling dominance, with clear market pressure from sellers. Liquidations remain low, mostly on the long side, indicating moderate selling pressure without excessive leverage. Lastly, the funding rate is neutral, indicating a temporary balance between buyers and sellers.
XRP is currently in a consolidation phase after a strong rally, and the market remains cautious within a generally neutral technical context. Future movements will depend on investor reactions to key price areas.
