The price of XRP is still limited below the 50-day Exponential Moving Average (EMA) at $2.37, indicating a continued decline. The descending trend line from the all-time high of $3.66 limits its bounces on the daily chart, with resistance at $2.68. The Moving Average Convergence Divergence (MACD) ( has turned positive and is expanding, indicating that the MACD line has crossed above the signal line. This expectation may maintain an upward trend in the short and medium term.
The daily chart for the XRP/USD pair
However, the Relative Strength Index )RSI( at 46 leans towards neutral, keeping upward opportunities under control. The overall situation remains strong, while the price trades below the 200-day exponential moving average at $2.51, and its 100-day exponential moving average at $2.52. Momentum remains below the zero line and stabilizes, indicating diminishing bearish pressure rather than a bullish trend. The rise will face resistance at the 50-day exponential moving average, while a daily close above the same level would initiate a recovery phase.
The inflows of XRP exchange-traded funds expand with the stability of institutional طلب. Interest in XRP exchange-traded funds in the U.S. has continued to improve since their initial launch in mid-November. Currently, there are four XRP exchange-traded funds operating in the United States: XRPC from Canary Capital, XRP from Bitwise, GXRP from Grayscale, and XRPZ from Franklin Templeton.
Overall, XRP exchange-traded funds recorded inflows of approximately $35 million on Tuesday, bringing the cumulative volume to $622 million and net assets to $645 million.
ETF inflows help gauge market sentiment, as incoming flows support a bullish market, while outgoing flows indicate bearish expectations.
XRP fund statistics traded on the exchange.
On the other hand, the demand for retail has remained relatively low, as the open interest for futures (OI) has not stabilized above $4 billion since November 11. According to CoinGlass data, the average open interest, which tracks the notional value of outstanding futures contracts, was $3.96 billion on Wednesday, down from $4 billion the previous day.
The trading volume of XRP futures contracts reached a record level of $10.94 billion on July 22, just days before the token hit an all-time high of $3.66. This highlighted the growing appetite for risk in XRP derivatives and boosted the overall risk-taking sentiment.
However, a steady decline in the OI index coincided with the price drop to $1.82 on Friday. If the weakness in retail demand continues, it will be difficult to maintain the recovery, and XRP is likely to trade under pressure.
XRP Open Futures Contracts Chart
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Before00zero
· 11-26 17:33
XRP has declined for the second consecutive day, as the cryptocurrency market struggles to maintain its recovery.
XRP exchange-traded funds recorded steady inflows, but sentiment remains lagging.
The weakness in the derivatives market, as reflected in the open interest remaining below 4 billion Dollar, underscores risk-averse sentiment.
Today's chart: XRP is giving mixed signals.
The price of XRP is still limited below the 50-day Exponential Moving Average (EMA) at $2.37, indicating a continued decline. The descending trend line from the all-time high of $3.66 limits its bounces on the daily chart, with resistance at $2.68.
The Moving Average Convergence Divergence (MACD) ( has turned positive and is expanding, indicating that the MACD line has crossed above the signal line. This expectation may maintain an upward trend in the short and medium term.
The daily chart for the XRP/USD pair
However, the Relative Strength Index )RSI( at 46 leans towards neutral, keeping upward opportunities under control. The overall situation remains strong, while the price trades below the 200-day exponential moving average at $2.51, and its 100-day exponential moving average at $2.52. Momentum remains below the zero line and stabilizes, indicating diminishing bearish pressure rather than a bullish trend. The rise will face resistance at the 50-day exponential moving average, while a daily close above the same level would initiate a recovery phase.
Interest in XRP exchange-traded funds in the U.S. has continued to improve since their initial launch in mid-November. Currently, there are four XRP exchange-traded funds operating in the United States: XRPC from Canary Capital, XRP from Bitwise, GXRP from Grayscale, and XRPZ from Franklin Templeton.
Overall, XRP exchange-traded funds recorded inflows of approximately $35 million on Tuesday, bringing the cumulative volume to $622 million and net assets to $645 million.
ETF inflows help gauge market sentiment, as incoming flows support a bullish market, while outgoing flows indicate bearish expectations.
XRP fund statistics traded on the exchange.
On the other hand, the demand for retail has remained relatively low, as the open interest for futures (OI) has not stabilized above $4 billion since November 11. According to CoinGlass data, the average open interest, which tracks the notional value of outstanding futures contracts, was $3.96 billion on Wednesday, down from $4 billion the previous day.
The trading volume of XRP futures contracts reached a record level of $10.94 billion on July 22, just days before the token hit an all-time high of $3.66. This highlighted the growing appetite for risk in XRP derivatives and boosted the overall risk-taking sentiment.
However, a steady decline in the OI index coincided with the price drop to $1.82 on Friday. If the weakness in retail demand continues, it will be difficult to maintain the recovery, and XRP is likely to trade under pressure.
XRP Open Futures Contracts Chart