Overview
- XRP, which fell through the $1.40 level on Tuesday in a high‑volume drop, is now trading just below that line as the market treats it as new resistance.
- Chart signals have flipped bearish as a descending triangle forms, the MACD crosses below its signal line, and the RSI slips near 40, pointing to fading buy pressure.
- Derivatives and on‑chain reads show stress with a liquidation cluster parked at $1.40, a futures long‑to‑short ratio below 1, and weaker network growth and whale buying.
- Flows and positioning send a mixed message as XRP‑linked ETFs attracted about $15.7M–$25M last week while Binance leverage stays well below March peaks, which reduces forced‑sell risk but also mutes snapback rallies.
- Traders are watching $1.37 and then $1.31 as next supports, with any recovery hinging on reclaiming $1.40 and later $1.45–$1.50, even as some analysts float long‑range upside paths that remain strictly conditional on breakouts.