- XRP has fallen below $2 to $1.92, with futures volume collapsing nearly 96% amid widespread selling pressure.
- Technical indicators suggest further declines toward $1.70–$1.80 if the downtrend continues.
XRP continues to struggle as its price drops to $1.92, marking a 3.2% decline in the past 24 hours and falling sharply from its July peak near $3.40. XRP’s recent breakdown below the $2 psychological barrier signals growing pressure on both traders and investors.
Futures Trading Collapses to Multi-Month Lows
Speculative activity in XRP futures has plummeted dramatically. Binance futures data shows taker buy volume fell from $5.8 billion in July to under $250 million, a 95.7% drop. The sharp decline reflects widespread liquidation of leveraged positions rather than renewed buying interest. Overall open interest in XRP futures stands at $3.71 billion, down from the mid-year peak of $10.94 billion, highlighting reduced institutional and retail participation.
The estimated leverage ratio on Binance has also dropped to 0.18, one of the lowest in the current market cycle. Lower leverage reduces the risk of cascade liquidations but also signals minimal speculative activity, making a quick recovery less likely.
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Persistent Selling and Profit-Taking Pressure
On-chain data confirms a large-scale distribution of XRP. A dormant wallet with a $0.40 cost basis realized $721.5 million in profits during early December, coinciding with the token’s drop near $2.00. Net positioning across mid-size, large, and retail wallets is negative, indicating broad-based selling rather than selective profit-taking. This widespread liquidation adds to the near-term bearish sentiment.
Technical Indicators Point to Further Declines
XRP has established a medium-term downtrend, forming lower highs and lower lows since peaking in the $3.40–$3.60 range. Both the 50-day and 100-day moving averages are trending downwards, and the $1.93 support level has now become resistance. Technical experts suggest the 200-day moving average between $1.70 and $1.80 as the next key support, with potential declines toward $1.50 if downward pressure continues.
In 1–4 weeks, XRP may consolidate around $1.70–$1.80 if selling persists. Over 1–3 months, stabilization between $1.70 and $2.20 is likely, barring a resurgence of futures activity. Long-term optimism exists for possible gains toward $4–$5, but such scenarios require strong market catalysts and renewed risk appetite, conditions that currently appear distant.
XRP’s current trajectory underscores a challenging period for traders, with liquidity constraints and persistent selling shaping the token’s near-term path.
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