XRP Price Prediction: Can Reduced Leverage Support a Recovery Above $1.13?
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XRP is trading sideways around $1.11 after recovering from a low near $1.01 and remains below the 20-, 50-, 100- and 200-day EMAs, failing to clear technical resistance around $1.13. Falling open interest signals reduced leverage and weak market conviction while continued exchange outflows support long-term holding but limit near-term upside for the crypto.
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- XRP trades sideways as weak momentum keeps buyers below major resistance.
- Falling open interest signals lower leverage while market conviction remains weak.
- Exchange outflows continue supporting long-term holding despite cautious sentiment.
XRP continues to trade in a tight range after weeks of heavy selling, highlighting a market that still lacks strong conviction. Buyers have defended critical support levels, preventing another sharp decline. However, they have also failed to regain higher price zones that could shift the broader trend.
XRP Faces Strong Technical Barriers
XRP trades near $1.11 after recovering from its recent low around $1.01. However, the asset remains below its 20-day, 50-day, 100-day, and 200-day exponential moving averages. This structure shows that sellers still hold the advantage across the higher timeframe.
Moreover, price action re…
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