XRP Price Prediction: XRP Could Dip Below $2 with Derivatives Data Flashing Bearish Signal
The post XRP Price Prediction: XRP Could Dip Below $2 with Derivatives Data Flashing Bearish Signal appeared on BitcoinEthereumNews.com.
Ripple’s native token, XRP, is under intensified bearish pressure, with analysts warning of a potential drop below the critical $2 threshold. XRP is currently trading near $2.13, having lost over 3% in recent sessions as technical breakdowns and weakening derivatives data hint at deeper market unease. Derivatives Market Suggests Continued Weakness for XRP According to CoinGlass, XRP futures open interest (OI) slipped nearly 3% to $3.91 billion in the past 24 hours. At the same time, trading volume dropped 14% to $3.53 billion. The decline in both metrics signals a significant drop in speculative interest, raising concerns over the sustainability of recent price levels. XRP Futures Open Interest (USD) chart. Source: CoinGlass “The falling open interest and trading volume indicate that traders are stepping back, which weakens the momentum and increases the chance of further price declines,” said one analyst tracking the XRP market. Long Traders Take the Hit as Liquidations Mount The decline in XRP price has sparked widespread liquidations among long traders. Data shows over $4.45 million worth of long positions were wiped out in the past day, far outweighing the $294,000 in shorts closed. With the long-to-short ratio now at 0.9275, bears are firmly in control, and sentiment favors further downside unless market conditions shift. XRP was trading at around $2.128, down 2.75% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin This aligns with the current structure of XRP’s trading chart, which shows the token slipping beneath key support levels. XRP recently broke below its 200-period exponential moving average (EMA) on the 4-hour chart—now sitting at $2.27—along with the 100-EMA and 50-EMA at $2.25 and $2.22, respectively. The Moving Average Convergence Divergence (MACD) also confirmed a bearish crossover, with the blue line slipping below the red signal line.…
Filed under: News - @ June 6, 2025 3:28 pm