CoinCodex’s XRP Outlook: Will the Bulls Recover or Collapse?

crypthub

about 8 hours ago

Current Market Pressure

XRP is under fresh selling pressure after slipping from the $1.45 region. The coin is forming lower highs and lows, indicating sellers dominate sentiment. It now hovers around the $1.38‑$1.40 support zone, a historically important buying level. A clear bullish move from this area could trigger a short‑term rally toward $1.42.

Futures Activity and Volatility

Open interest in XRP futures has risen to about 1.66 billion units, suggesting strong trader conviction. This buildup may heighten volatility, especially if leveraged positions face rapid liquidations. The price trend continues to mirror broader crypto movements, reacting to Bitcoin and Ethereum sentiment.

Short‑Term Outlook

Holding the $1.38‑$1.40 floor could allow buyers to push the price back to previous resistance levels. Conversely, a break below $1.38 may drive XRP toward $1.35, reinforcing bearish momentum. Close monitoring of price action and market signals will be crucial to determine whether a reversal or further decline unfolds.