XRP Melts Slowly Like ice cream under Sun

XRP has been capped since early 2025 and is approaching a critical point on the charts, just below a significant descending resistance line.

Quick overview

  • XRP is currently facing a critical resistance level near $2.22 while trading just above a key support level at $2.05.
  • Bearish sentiment dominates the market, with the long/short ratio below 1 for nearly two weeks, indicating more traders are betting on a decline.
  • Despite a slight decline in open interest, high derivative volume suggests traders remain active, primarily in short positions.
  • A descending triangle pattern is forming, which could lead to further declines if the price breaks below the $2.00–$1.99 range.

Live XRP/USD Chart

XRP/USD
MARKETS TREND
TRADE XRP/USD

XRP has been capped since early 2025 and is approaching a critical point on the charts, just below a significant descending resistance line.

 

According to Coinglass data, the asset is tightly compressed between this resistance near $2.22 and the 200-day Exponential Moving Average at roughly $1.99. The long/short ratio for Ripple XRP is near 1, indicating that more traders are betting on a decline than a rally.

This ratio has stayed below 1, suggesting that bearish sentiment has taken over for nearly two weeks.

The volume of derivatives is relatively high despite a slight decline in open interest, indicating that traders are still active, albeit primarily short, in anticipation of a decline. XRP is trading at $2.14 on the technical front, just above $2.05, a critical support level. If that threshold is breached, there may be more drastic short-term drops.

Although neutral at 47, the relative strength index is steadily dropping. It is not yet oversold, so a further drop is still possible.

Trading activity has slowed considerably, with volume and volatility falling.

Even though the price has been muted, historical trends indicate a good chance of a significant breakout after the consolidation phase ends. If the resistance is not overcome, focus may shift to the lower support levels. A decline toward $1.85 or even $1.70 could result from a breakdown below the $2.00–$1.99 range.

Additionally, a descending triangle pattern is emerging, which traditionally suggests further declines if supported by persistently low volume or market weakness.

ABOUT THE AUTHOR See More
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.

Related Articles

Comments

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

HFM

Doo Prime

XM

Best Forex Brokers