Buyers Defend $2.2 As Derivatives Reset After Sharp Bounce
The post Buyers Defend $2.2 As Derivatives Reset After Sharp Bounce appeared on BitcoinEthereumNews.com.
Buyers continue to defend the $2.10–$2.20 zone, preventing a deeper breakdown after the rebound. Spot outflows and falling open interest suggest the move was driven by short covering, not fresh demand. XRP must reclaim $2.35 and the EMA cluster to confirm a real trend shift beyond a corrective bounce. XRP price today trades near $2.25 after a sharp rebound from December lows stalled below declining resistance. Buyers have stepped in aggressively near the $2.10 to $2.20 zone, but broader structure remains fragile as spot outflows persist and derivatives positioning resets. Spot Outflows Undercut The Recovery XRP Netflows (Source: Coinglass) Spot flow data continues to lean defensive. XRP recorded a $14.5 million net outflow on January 7, extending a pattern of capital leaving exchanges during rallies rather than accumulating during dips. This behavior matters because the bounce has not been accompanied by strong inflows. Price lifted, but participation did not expand. That divergence often signals short covering or tactical buying rather than fresh directional conviction. As long as spot flows remain negative, upside attempts risk fading into resistance. Descending Trendline Still Defines Structure XRP Price Action (Source: TradingView) On the daily chart, XRP remains capped beneath a descending trendline that has guided price lower since the early October peak. The recent bounce stalled near the $2.28 to $2.30 region, aligning with the underside of that trendline and the 0.382 Fibonacci level near $2.29. Related: Ethereum Price Prediction: ETH Maintains Uptrend as Derivatives Activity Stabilizes The EMA structure reinforces the ceiling. XRP trades below the 50-day EMA near $2.07, the 100-day EMA around $2.23, and the 200-day EMA near $2.35. That stack forms layered resistance rather than a launchpad. Until price reclaims this zone decisively, rallies remain corrective inside a broader downtrend. Derivatives Data Shows Leverage Cooling XRP Derivative Analysis (Source: Coinglass)…
Filed under: News - @ January 7, 2026 4:28 pm