- XRP faced bearish sentiment as the critical $2.73 resistance remained unbroken, frustrating traders.
- Futures Open Interest plunged $1 billion, exposing skepticism over XRP’s near-term recovery prospects.
XRP has been locked in a prolonged consolidation phase, hovering below critical resistance levels for over a month, with no signs of a breakout.
This lack of upward momentum has frustrated traders and eroded market confidence.
Recent data paints a bleak picture: In the last 48 hours, XRP Futures Open Interest has nosedived by over $1 billion, highlighting a sharp decline in investor conviction. What’s driving this dramatic shift in sentiment?
XRP Futures OI sheds $1 billion
Source: Coinglass
In 48 hours, XRP Futures OI dropped $1 billion, falling from $2.9 billion. This sharp decline followed a failed breakout rally that briefly fueled optimism.
As traders withdrew capital, the drop in OI revealed rising bearish sentiment. The failure to breach key resistance levels has increased skepticism about XRP’s near-term prospects and market activity.
XRP: Critical investor uncertainty?
The XRP Price DAA Divergence chart highlighted a critical mismatch between price performance and network activity.
As XRP’s price surged in late November, DAA divergence turned sharply negative, signaling that network engagement failed to scale alongside the rally.
This divergence suggests the price movement was driven more by speculative trading rather than organic network growth or utility adoption.
Source: Santiment
In the aftermath of the rally, DAA divergence remained in negative territory, reflecting persistent skepticism among on-chain participants.
Without an uptick in active addresses, the price’s ability to sustain momentum may be in jeopardy.
The absence of strong on-chain activity — despite the recent surge — raises concerns about the sustainability of any near-term recovery and could keep XRP locked in a consolidated or downward trend unless network fundamentals improve.
Key levels to watch
XRP’s price action remains at a pivotal moment, defined by a prolonged consolidation phase beneath the $2.73 resistance level.
Over the past month, the token has shed 20% of its value, yet it has managed to hold firm above the critical $2.00 support.
This level serves as both a psychological and technical anchor, preventing further declines despite the mounting uncertainty in broader market conditions.
Source: TradingView
Indicators paint a mixed picture for the token’s trajectory. The RSI hovers near 50.98, reflecting a neutral market stance and indecision among participants.
Trading volume remains lackluster, underscoring the absence of significant buying pressure required for a breakout.
Similarly, OBV trends highlight muted capital inflows, raising questions about the token’s ability to sustain upward momentum without renewed interest.
A break above $2.73 could pave the way for a rally toward XRP’s all-time high of $3.31, reigniting investor optimism.
Read XRP’s Price Prediction 2025–2026
Conversely, a breach of the $2.00 support would likely exacerbate the current stagnation, deepening bearish sentiment.
Until a decisive catalyst emerges, XRP appears locked in a state of cautious equilibrium, with its next move resting on broader market dynamics and the restoration of network confidence.
