XRP Price Prediction: Weak Momentum Persists as Open Interest Stabilizes Near $2.8 Billion
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XRP traded around $1.35 after failing to maintain gains above a key Fibonacci resistance and remains below the 20-, 50- and 100-day EMAs, indicating fading bullish momentum. Open interest in XRP futures stabilized near $2.8 billion while weak exchange inflows signal lower trader confidence and limited recovery prospects for the token and the broader crypto market.
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- XRP struggles below major EMA resistance as bullish momentum continues fading further
- Open interest collapse signals lower trader confidence across XRP futures market
- Weak exchange inflows continue limiting XRP recovery attempts near support levels
XRP continued to struggle near key resistance levels this week as weakening momentum and declining trader activity kept the token under pressure. The cryptocurrency traded around $1.35 after failing to maintain gains above an important Fibonacci resistance zone. Besides broader crypto market weakness, fading speculative demand also weighed heavily on XRP’s recovery prospects.
XRP Faces Heavy Resistance Pressure
XRP maintained a weak-to-neutral daily structure as sellers defended several technical barriers. The token traded below the 20-day, 50-day, and 100-day exponential moving averages, highlighting continued sho…
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