XRP Drifts To $1.38 as Heavy Outflows Persist and RSI Flashes Warning
The post XRP Drifts To $1.38 as Heavy Outflows Persist and RSI Flashes Warning appeared on BitcoinEthereumNews.com.
XRP falls 2.83% to $1.3894 as spot outflows reach $19.57 million and open interest drops 3.97% to $2.44 billion amid persistent selling pressure. Daily RSI sits at 32.01, approaching oversold territory as the token trades 62% below July highs near $3.65. Recovery requires reclaiming $1.45 Supertrend resistance, while a close below $1.37 opens downside toward the $1.10 crash low. XRP price today trades near $1.38 after sliding below the $1.40 support level that had contained price through the weekend consolidation. The decline comes as spot outflows accelerate and the token approaches oversold conditions on the daily timeframe, raising questions about whether the bounce from crash lows has already exhausted. Spot Outflows Accelerate To $19.57 Million XRP Netflows (Source: Coinglass) Coinglass data shows $19.57 million in spot outflows on February 9, a significant increase from the $6.96 million outflow two days prior. The acceleration in selling pressure suggests the consolidation phase may be ending with a move lower rather than continuation of the bounce. The flow pattern through February shows persistent distribution with no meaningful inflow days since the crash. When outflows accelerate during a consolidation phase, it typically signals that sellers are using the bounce to exit rather than buyers stepping in to accumulate. Derivatives Data Shows Continued Deleveraging XRP Derivatives Data (Source: Coinglass) Open interest dropped 3.97% to $2.44 billion while volume fell 22.56% to $5.30 billion. Options volume collapsed 28.82% to $1.90 million, reflecting exhausted trading activity. The long/short ratio sits at 0.93, showing a slight short bias for the first time during this selloff. On Binance, top traders maintain a 2.39 ratio by accounts, but positions by size show a 0.90 ratio, indicating larger traders are positioning short. Related: Ethereum Price Prediction: ETH Consolidates After Sell-Off, But Bears Still Control the Trend Over the past 24 hours,…
Filed under: News - @ February 9, 2026 5:22 pm