XRP price tumbled to a new 30-day low around $1.90 on Tuesday as markets continued to react to macro headwinds from U.S. trade policies. Derivatives market data suggest bear traders are shaping up to exert more influence in the days ahead.

Ripple (XRP) Wobbles at $2 Support Level as Macro Sentiment Tightens

Ripple (XRP) price experienced record lows on Tuesday as global markets continued to wobble under intense pressure from U.S. trade policies. After showing relative resilience holding the $2 support last week, XRP market dynamics now appear exposed to major downside risks.

Following a lack of convincing budgetary allocations during the White House summit on Friday, market watchers are now expressing doubts regarding Congress’ approval prospects for altcoins listed in the Crypto Strategic Reserve. This executive order requires congressional approval for budgetary allocations.

Ripple (XRP) Price Action | March 11, 2025

In a four-day losing streak, Ripple price declined 27.5%, dropping from $2.70 on Friday, March 7, to test new 30-day lows around $1.90 within the daily timeframe on Tuesday, March 11. Similarly, Ethereum, Solana and Cardano have also experienced double-digit losses since Friday.

This shows that XRP spot market has seen sell pressure intensify since the lack of conviction at the White House summit triggered doubts that the Trump administration may struggle to obtain congressional approval for the U.S. Treasury to purchase volatile altcoins.

Short Traders Tighten Control with $200M Leverage

Derivatives market data trends further affirms the bearish outlook surrounding XRP. According to Coinglass‘ latest data, total short leverage contracts have surged past the $202.7 million mark over the past seven days, while long positions have been cut down to just $96.6 million at press time.

This indicates that short sellers are seizing control, increasing downside risks for XRP in the near term. Notably, the long/short ratio on Binance’s XRP/USDT pair now sits at 0.992, confirming a slight tilt toward bearish dominance.

More specifically, Binance traders hold a 3.382:1 short-to-long ratio in terms of account positioning, further emphasizing the growing skepticism toward XRP’s recovery potential.

Meanwhile, OKX traders maintain a 2.44:1 long/short ratio, reinforcing the broader market’s defensive posture.

Ripple (XRP) Derivative Market Data Analysis, March 11, 2025 | Coinglass

The XRP liquidation map from Coinglass reveals additional evidence of mounting bearish momentum. The cumulative short liquidation leverage currently stands at a staggering $202.74 million, with Binance contributing $50.71K, OKX at $181.51K, and Bybit at $821.57K. This clustering of liquidation levels suggests that short traders remain firmly in control, potentially eyeing a deeper correction if macroeconomic headwinds persist.

Further reinforcing the bearish outlook, XRP has witnessed a significant uptick in liquidations over different timeframes. Within the past 24 hours, total liquidations have reached $27.61 million, with shorts accounting for $8.31 million, compared to a much larger $19.29 million in long liquidations.

This suggests that despite attempts to reverse the downtrend, long traders are continually being forced out of positions, exacerbating the sell-off. The XRP derivatives market continues to be a battleground between bulls and bears, but for now, the tide has clearly turned in favor of short sellers. With uncertainty over regulatory approvals still looming, traders should brace for heightened volatility in the coming weeks.

XRP Price Forecast: $1.50 Breakdown Ahead?

XRP price is leaning bearish as technical indicators suggest an impending breakdown that could send prices tumbling below $1.50. The bearish flag formation on the daily chart highlights major downside risks.

After a 27.53% decline in four days, XRP is currently struggling below the Volume-Weighted Average Price (VWAP) at $2.0643. Failure to close above this key level could confirm a deeper retracement trend. Bollinger Bands show the price hugging the lower band, a sign of persistent bearish momentum.

XRP Price Forecast

The MACD histogram is deep in the red, with the signal line trending downward, reinforcing the probability of further weakness.

If bulls fail to establish a steady support base above $2.06, it could trigger another liquidations wave, accelerating losses toward the next major support near $1.50.

However, a bullish scenario could emerge if buyers push XRP above the VWAP and reclaim the mid-band of the Bollinger Bands around $2.38, invalidating the bearish flag. Until then, sellers remain firmly in control.

The post Ripple (XRP) Short Traders Deploy $200M Leverage as SOL and ADA Prices Hit Record Lows appeared first on CoinGape.

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Filed under: News - @ March 11, 2025 6:20 pm