Overview
- XRP trades around $1.89, extending a roughly 14‑month consolidation centered near the $2 level.
- Binance open interest peaked at $1.76 billion on July 17 and has since fallen below $500 million, a nearly 60% drop tied to a broad deleveraging that followed the Oct. 10 liquidation event.
- Funding rates have stayed predominantly negative since December, signaling a market skewed toward leveraged shorts.
- Analysts highlight $1.77 as the immediate make‑or‑break support, while a weekly close above the identified resistance zone would be required to confirm a breakout.
- Price is leaning on the 200‑period moving average near $1.85–$1.90, with the 50/100 MAs reinforcing resistance around $2.30–$2.40 and a clean break lower exposing prior demand near $1.60–$1.70.