$XRP
XRP slipped 0.79% to $1.87 while volume ran roughly 20.8% above weekly norms, an imbalance that typically reflects distribution or rotation rather than clean accumulation.
The most active window hit at 14:00, when about 57.2 million units traded as XRP failed to extend above $1.8792 — reinforcing that sellers are still leaning on rallies rather than letting price reclaim higher ranges.
The $1.85 handle remains the line that matters. Price tested the area and held, but the broader structure stays heavy: moving averages remain stacked bearishly and sloping lower, which continues to cap upside attempts and keeps the tape biased toward selling into strength.
Derivatives signals add complexity. Open interest climbed to $3.43 billion while spot netflows were negative by around $10.7 million, a mix that suggests leverage is building even as spot flows do not confirm aggressive demand.
That combination can tighten ranges, but it also raises the risk of sharp moves if the market has to unwind quickly.
The next near-term catalyst is calendar-driven: January’s scheduled 1 billion XRP escrow unlock. Even if a large portion is re-escrowed, the event tends to heighten sensitivity to supply and liquidity, particularly when price is already sitting on a major technical shelf.