XRP Near a Tipping Point as Trading Activity Drops 20%

• XRP shows continued weakness as price struggles to recover and traders remain cautious.
• Trading activity has slowed, with price staying below key EMA resistance levels.
• Analysts see buying near support, but momentum is weak and market bias remains slightly bearish.

Ripple (XRP) is currently changing hands at $1.98, down 1.55% in the past 24 hours. The decline is a reaction to ongoing short-term weakness, where price movement is showing limited recovery attempts. Market sentiment remains cautious, as traders are waiting for a clearer direction.

Trading activity has also slowed during this period. The trading volume fell by 20.91% to $1.39 billion, indicating a low level of engagement by buyers and sellers. Over the past week, the XRP price is down by 4.66%, continuing pressure on the asset.

Source: CoinMarketCap

XRP Tests Ascending Channel Support as Accumulation Builds

Crypto analyst Butterfly highlighted that XRP is testing the lower boundary of an ascending channel on the higher timeframe. The analyst found signs of accumulation around this support. Buying pressure is gradually mounting at existing levels. A firm hold could lead to a sharp directional move. Failure to hold may lead to deeper downside risk.

Source: X

Moreover, another analyst, BitGuru, mentioned that XRP recently ended a long consolidation period. After the pullback, the asset is holding a defined demand zone. The price action has become more stable over the last few sessions. This behavior indicates a weakening of selling pressure. A reclaim of nearby resistance might permit a recovery towards the upper supply zone.

Source: X

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Ripple Trades Below Key EMAs as MACD Remains Bearish

Technically, XRP trades below all key levels of the exponential moving averages. The 20-day EMA is near $2.08 and tops off short-term rallies. The 50-day EMA is located around $2.22. The 100-day EMA sits near $2.38. The 200-day EMA is still higher at about $2.45. These levels serve as levels of resistance above price.

Momentum indicators show poor improvement trends. The MACD is still in negative territory. The MACD line is at -0.05892, and the signal line is -0.05829. The histogram reads about -0.00063. This setup is a reflection of weak bearish momentum. A bullish crossover has not been made yet.

Source: TradingView

Open Interest Increases, as Funding Rate Turns Slightly Bearish

CoinGlass data shows the trading volume increased by 12.64% to $2.62 billion. Open interest has gone up by 4.33% to $3.73 billion. The surge implies that traders are positioning for volatility. The short-term interest continues to be in and around current levels.

Source: CoinGlass

The XRP OI-weighted funding rate is at -0.0047%. This level represents a small, short tilt in positioning. XRP is now at a major level of support, with strength and momentum indicators indicating the direction of the next move.

Also Read: XRP Price Holds Key Support While $3 Liquidity Zone Gains Attention