XRP News Today: XRP Derivatives Surge Amidst Bearish Indicators—A Pivotal Turning Point
- XRP fell to $2.43 amid bearish crypto sentiment but saw $4.11B derivatives inflows, driven by retail demand and a $2.58 weekly high. - Technical indicators show mixed signals: price below key EMAs and RSI at 48, yet MACD maintains a bullish stance since Monday. - XRP remains trapped in a $2.35–$2.55 range with critical support at $2.30; whale activity highlights tactical positioning over long-term conviction. - Bitcoin's consolidation above $105K and 72% sell-side volume pressure underscore XRP's cross-a
XRP, Ripple's digital currency, pulled back to $2.43 on Tuesday after a brief rally over the previous two days, as the overall crypto market mood stayed negative due to ongoing macroeconomic challenges and a lack of strong sector drivers
Even with positive signals in derivatives, technical indicators offer a mixed outlook. XRP has slipped below important moving averages, specifically the 50-day EMA at $2.56 and the 200-day EMA at $2.58, which now serve as resistance points
Analysis of the market structure shows XRP is currently trading within a $2.35–$2.55 band, with uncertainty dominating the short-term outlook.
Wider market forces are also affecting XRP. Bitcoin’s consolidation between $105,000 and its 200-day EMA at $107,999 shows a struggle between buyers and sellers, and XRP’s liquidity is closely linked to Bitcoin’s performance
The next move will depend on how XRP handles critical support and resistance. If it can stay above $2.30–$2.35,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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