XRP Price Prediction: Can XRP Hold the $1.09 Support as Sellers Dominate and Outflows Persist?
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XRP is firmly bearish, trading near $1.13 after losing multiple support levels and remaining below all major moving averages, with critical support around $1.09–$1.10. Open interest has dropped sharply and persistent net outflows with weak inflows have reduced speculative leverage and maintained selling pressure, posing downside risk to the crypto token price and adoption.
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- XRP remains in a strong downtrend as price stays below all major moving averages.
- Open interest has dropped sharply, signaling reduced speculative leverage in XRP.
- Persistent net outflows and weak inflows keep pressure on XRP near key support zone
XRP remains under heavy pressure as technical weakness, declining speculative activity, and persistent capital outflows continue to weigh on market sentiment. The cryptocurrency has lost several important support levels in recent weeks, leaving traders focused on whether buyers can defend the area near $1.10. While oversold conditions suggest selling momentum may be slowing, broader market indicators still point to a challenging environment for the token.
Technical Structure Remains Firmly Bearish
The daily chart shows XRP trading near $1.13 after a sharp decline from previous highs. Significantly, the asset now sits b…
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