$XRP is currently exhibiting a short-term bearish outlook despite the steady arrival of capital through ETF-related inflows. While institutional interest remains present, several core indicators suggest that immediate demand is softening. Daily active addresses have notably retreated to approximately 19,000, while the taker buy/sell ratio has dipped below 1, signaling that sellers currently maintain control over the market narrative.
This shift in sentiment is further underscored by a dramatic cooling in the derivatives market, where open interest has plummeted from over $3 billion to less than $1 billion. From a technical standpoint, the weekly supertrend has flipped to a bearish signal and the weekly RSI continues to decline. These metrics suggest that the recent ETF flows reflect long-term positioning rather than a force capable of reversing the current short-term price structure.
Attention is now centered on the $1.78–$1.77 price floor, which represents a decisive level for the asset's near-term trajectory. Should this support give way, a rapid slide toward $1.50 becomes likely, potentially leading to a broader retreat into the $1.00–$0.80 liquidity pocket. Without a stabilization in network participation and a recovery in derivatives volume, the asset remains exposed to further valuation resets in the days ahead.
