XRP Price Prediction: XRP Stabilizes After Selloff, But $1.68 Still Key
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XRP is stabilizing around $1.40 after a volatile period and aggressive rally. Derivatives open interest has decreased to $2.3B, indicating market deleveraging, while modest spot inflows reduce selling pressure. Analysts are monitoring if XRP can gain momentum above the established support level.
- XRP consolidates near $1.40 after extreme volatility and aggressive prior rallies.
- Derivatives open interest dropped to $2.3B, signaling broad market deleveraging.
- Spot flows stabilize with modest inflows, reducing immediate selling pressure.
XRP trades in a narrow band after months of sharp volatility. The token recently unwound an aggressive rally that pushed derivatives exposure to extreme levels. Consequently, price action now reflects consolidation rather than expansion.
On the 4-hour chart, XRP/USD sits between well-defined support and resistance zones. Moreover, both spot and futures data show a cooling phase after earlier speculative excess. Traders now watch whether the current base near $1.40 can trigger recovery momentum.
Price Structure Shows Compression
The broader structure turned bearish after XRP lost the $1.92 Fibonacci level. Since then, th…
Read The Full Article XRP Price Prediction: XRP Stabilizes After Selloff, But $1.68 Still Key On Coin Edition.
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XRP Price Prediction: XRP Stabilizes After Selloff, But $1.68 Still Key
Share:
XRP is stabilizing around $1.40 after a volatile period and aggressive rally. Derivatives open interest has decreased to $2.3B, indicating market deleveraging, while modest spot inflows reduce selling pressure. Analysts are monitoring if XRP can gain momentum above the established support level.
- XRP consolidates near $1.40 after extreme volatility and aggressive prior rallies.
- Derivatives open interest dropped to $2.3B, signaling broad market deleveraging.
- Spot flows stabilize with modest inflows, reducing immediate selling pressure.
XRP trades in a narrow band after months of sharp volatility. The token recently unwound an aggressive rally that pushed derivatives exposure to extreme levels. Consequently, price action now reflects consolidation rather than expansion.
On the 4-hour chart, XRP/USD sits between well-defined support and resistance zones. Moreover, both spot and futures data show a cooling phase after earlier speculative excess. Traders now watch whether the current base near $1.40 can trigger recovery momentum.
Price Structure Shows Compression
The broader structure turned bearish after XRP lost the $1.92 Fibonacci level. Since then, th…
Read The Full Article XRP Price Prediction: XRP Stabilizes After Selloff, But $1.68 Still Key On Coin Edition.
Read More
Solana Price Prediction: Solana Holds Range as Market Resets After Sharp Correction