XRP is under heavy selling pressure as the broader crypto market struggles with uncertainty, risk aversion, and fading bullish momentum. Fear continues to spread across investors, and liquidity conditions are tightening, putting additional weight on assets that previously demonstrated strength. Related Reading: Bitmine Scoops Up Another 28,625 Ethereum ($82.1M) as Market Bleeds – Details One of the clearest signs of stress now comes from Binance data — the largest trading platform by volume — showing that XRP Open Interest has dropped to its lowest level since November 2024. This decline highlights a significant shift in trader positioning, signaling that speculative appetite is drying up and leverage is being unwound across the market. According to the latest derivatives metrics, XRP is entering a critical phase marked by weakening sentiment and a steady loss of momentum. The sharp contraction in Open Interest reflects reduced participation from both long and short traders, suggesting that the market currently lacks conviction to support a sustained directional move. This shift comes at a time when XRP had previously been attempting to stabilize above key psychological levels, but continued selling pressure has prevented a clean rebound. XRP Derivatives Show Liquidity Drain and Bearish Control A CryptoQuant report from Arab Chain reveals a sharp deterioration in XRP derivatives conditions, highlighting growing stress across the market. Open Interest on Binance has fallen dramatically from record highs above $1.7 billion to nearly $504 million, and briefly down to $473 million. This steep contraction reflects a major outflow of liquidity from both long and short positions, signaling that traders no longer have the conviction needed to sustain a clear directional trend. The decline in OI aligns closely with XRP’s price drop to $2, after trading above the $2.5–$3 range in recent weeks. This correlation suggests that traders are not reopening positions after being flushed out, leaving the market driven by short-term flows rather than sustained accumulation. Funding rates reinforce this weakness. Over the past two months, funding has frequently turned negative, showing that short sellers are willing to pay to maintain their positions. Negative funding typically indicates that selling pressure outweighs buying demand, increasing the probability of continued downside unless fresh liquidity enters the market. Taken together — collapsing Open Interest, persistent negative funding, and declining price action — the data paints a picture of deep fragility. There are no visible signs of meaningful accumulation from whales or institutions, and without a reversal in derivatives behavior, XRP remains firmly under seller control. Related Reading: 63K Bitcoin Exits Long-Term Wallets: A Surge of Speculative Short-Term Buying XRP Price Shows Weak Rebound After Breakdown XRP continues to struggle under heavy market pressure, and the chart reflects a clear loss of bullish structure. After failing to hold above the $2.50–$2.70 range, price broke down sharply and recently tagged lows near $1.90 before attempting a modest rebound. The rejection from the 50-day and 100-day moving averages shows that sellers remain firmly in control, with both moving averages now sloping downward — a sign of sustained bearish momentum. Additionally, XRP remains below the 200-day moving average, reinforcing the broader downside bias and signaling that the market has not yet regained long-term support. Related Reading: Anti-CZ Whale Loses Big: $61M in Profit Wiped Out As Ethereum and XRP Longs Collapse Volume spikes during selloffs highlight capitulation-driven moves rather than accumulation, while the weaker volume on recent green candles suggests limited conviction behind the bounce. Each recovery attempt has been met with resistance, forming lower highs and lower lows — a classic bearish continuation pattern. To shift sentiment, XRP would need to reclaim the $2.40 level and consolidate above it; otherwise, the risk of retesting $1.90 or even falling toward $1.70 remains elevated. Featured image from ChatGPT, chart from TradingView.com
XRP continues to face pressure as bulls struggle to push the price back above key resistance levels. After weeks of declines, market sentiment remains fragile, with many traders questioning whether the altcoin can find solid footing. However, some analysts still see potential upside — provided XRP manages to reclaim higher levels and attract renewed buying interest. Related Reading: The Bitcoin OG Is Back – Opens Massive Short After $30M USDC Deposit Fresh data from CryptoQuant sheds light on an important dynamic unfolding behind the scenes. Since the beginning of October, a clear shift has emerged in the behavior of XRP whales. According to the Whale-to-Exchange Flow chart for Binance, a surge in large deposits began on October 1st and persisted until October 17th, marking one of the most active periods of whale movement this year. This pattern typically signals mounting selling pressure, as large holders transfer assets to exchanges either to take profits or manage risk. Yet, for some analysts, these flows may also indicate repositioning — whales preparing for the next major move once volatility subsides. With on-chain activity rising and price volatility tightening, XRP now finds itself at a pivotal point where the next breakout — or breakdown — could define the rest of October’s trend. XRP Whale Activity Signals Selling Pressure According to insights by CryptoOnchain, the surge in XRP whale activity reached its peak on October 11th, when Whale-to-Exchange Transactions climbed to nearly 43,000 — one of the highest levels recorded this year. Such a sharp rise in inflows to centralized exchanges like Binance typically signals mounting selling pressure, as large holders prepare to liquidate positions, secure profits, or hedge against further downside risk. This wave of whale transfers aligns closely with the broader price trend. Since early October, XRP’s market structure has weakened, confirming that these on-chain movements were not random but rather part of a larger distribution phase. When comparing data, the timing is striking: the escalation in exchange deposits directly corresponds with a sharp price drop from above 3.0 to roughly 2.3, underscoring the weight of institutional or high-net-worth selling. Such coordinated behavior among large holders often sets the tone for short-term market direction. Historically, heavy whale inflows tend to precede local bottoms, as the liquidity created by sell pressure eventually attracts new buyers. However, for now, this pattern reinforces caution — suggesting that XRP remains under pressure until the outflow-to-inflow ratio flips back in favor of accumulation. If selling eases and outflows rise again, it could mark the early stages of stabilization. Until then, whale behavior remains a key signal to watch, especially as the asset attempts to recover from one of its steepest declines in recent months. Related Reading: XRP DEX Volumes Surge As Price Plunges: Smart Money Accumulating? XRP Price Analysis: Bulls Struggle to Regain Momentum XRP is showing signs of short-term stabilization after weeks of selling pressure, trading around $2.42 at the time of writing. The recent bounce from the $2.30 support zone suggests that buyers are attempting to defend this key level, but the broader structure remains fragile. The chart shows that XRP continues to trade below its 50-day and 100-day moving averages, signaling that the short- to mid-term trend remains bearish. The price failed to reclaim the $2.60–$2.70 resistance range, which now acts as a major supply zone following the sharp decline from early October highs near $3.0. The 200-day moving average, currently hovering around $2.55, is also capping upside momentum, reinforcing the difficulty for bulls to regain control. Related Reading: Bitcoin Bulls Rely on STH Realized Price Support Cluster: Loss Could Trigger $100K Retest If XRP closes above $2.60, it could open the door for a retest of $2.90. However, losing the $2.30 support would expose the next key level near $2.00, where the market may attempt to find stronger demand. Overall, XRP remains in a delicate position — oscillating between potential recovery and further downside risk. The coming sessions will be decisive, as price action consolidates under heavy whale-driven selling pressure and uncertain sentiment. Featured image from ChatGPT, chart from TradingView.com