Overview
- XRP dropped to about $1.44, its lowest level since November 2024, breaking the $1.50 handle after losing the prior $1.60 support as bitcoin’s slide stoked broader risk aversion.
- Options block flows on Deribit showed interest in put spreads and strangles, indicating traders are positioning for further downside and higher volatility.
- Spot XRP ETFs flipped back to outflows, with $404,690 leaving on Monday after the Jan. 29 session logged the largest withdrawals since launch at $92.92 million alongside a roughly 9% price fall.
- On-chain data show short‑term holders sit on heavy unrealized losses, with STH NUPL near -0.38—its deepest since July 2022—signaling capitulation among recent buyers and potentially reduced immediate selling.
- Sentiment remains muted rather than fearful and momentum gauges are oversold, leaving room for a short technical rebound toward roughly $1.79 if demand improves.