🚨 $XRP: Is the Rally Over? 📉
XRP is battling to stay above $1.82 as selling pressure mounts and retail interest fades. Currently trading in a tight range between $1.82 support and $2.00 resistance, the market shows clear caution.
Derivatives data confirms the shift: XRP futures open interest has plummeted from $3.71B to $3.31B this week – a massive drop from its $8.36B peak before the October crash. 📉 Leveraged capital is heading for the exits.
However, there's a glimmer of hope! US XRP spot ETFs are still attracting inflows, exceeding $1.03B – a strong signal for long-term confidence. 💪
Technically, XRP remains below key EMAs, with MACD flashing a sell signal and RSI at 35. A break below $1.82 could trigger a move to $1.61. A decisive push above $2.00, reclaiming the 50-day EMA at $2.17, could signal a trend reversal.
#XRP #CryptoAnalysis #Altcoins #MarketUpdate 🐻
