XRP Price Prediction: Can XRP Hold $1.30 as Spot Flows Stay Negative?
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XRP remains bearish, trading near $1.30 after failing to hold the $1.48–$1.50 resistance and staying below key EMAs with consecutive lower highs and lower lows. Declining open interest around $2.96B and persistent spot outflows totaling $21.3M point to reduced speculation, weak demand and fragile market participation across spot and derivatives markets, increasing downside risk for the token and adoption.
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- XRP remains bearish as price stays below major EMAs with persistent lower highs
- Declining open interest near $2.96B signals reduced speculation and weak demand
- Persistent spot outflows including $21.3M reinforce fragile sentiment for XRP now
XRP continued to face downside pressure this week as weak technical momentum and declining market participation limited recovery attempts. The token traded near $1.30 after losing support from several important moving averages.
XRP Struggles Below Major Resistance
The daily XRP/USD chart reflects a clear bearish structure after the asset failed to maintain strength above the $1.48 to $1.50 region. Since reaching a local high in May, XRP has produced consecutive lower highs and lower lows. Consequently, short-term sentiment weakened across both spot and derivatives markets.
XRP currently trades below the 20-day, 50-day, 1…
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