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- XRP faced bearish sentiment as the critical resistance at USD 2.73 remained unbroken, frustrating traders.
- Futures Open Interest fell by $1 billion, exposing skepticism about XRP’s near-term recovery prospects.
XRP has been locked in a prolonged consolidation phase and has been hovering below critical resistance levels for over a month, with no signs of a breakout.
This lack of upside momentum has frustrated traders and eroded market confidence.
Recent data paints a bleak picture: In the past 48 hours, XRP Futures Open Interest has fallen by more than $1 billion, highlighting a sharp decline in investor conviction. What’s driving this dramatic shift in sentiment?
XRP Futures OI loses $1 billion
Source: Coinglass
Within 48 hours, XRP Futures OI fell by $1 billion, from $2.9 billion. This sharp decline followed a failed breakout rally that briefly boosted optimism.
As traders withdrew capital, the drop in OI revealed rising bearish sentiment. The inability to break through key resistance levels has increased skepticism about XRP’s short-term prospects and market activity.
XRP: critical uncertainty among investors?
The XRP Price DAA Divergence chart highlighted a critical mismatch between price performance and network activity.
As the price of XRP rose in late November, the DAA divergence turned sharply negative, indicating that network engagement was not growing with the rally.
This difference suggests that the price movement was driven more by speculative trading than by organic network growth or utility adoption.
Source: Santiment
In the aftermath of the rally, DAA divergence remained in negative territory, reflecting continued skepticism among participants in the chain.
Without an increase in the number of active addresses, the price’s ability to maintain momentum could be compromised.
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 in a consolidated or downtrend unless network fundamentals improve.
Key levels to watch
XRP’s price action remains at a crucial juncture defined by a prolonged consolidation phase below the USD 2.73 resistance level.
Over the past month, the token has lost 20% of its value, but it has still managed to stay above the critical support at $2.00.
This level serves as both a psychological and technical anchor, preventing further declines despite increasing uncertainty in broader market conditions.
Source: TradingView
Indicators paint a mixed picture for the token’s trajectory. The RSI is hovering around 50.98, reflecting neutral market attitudes and indecisiveness among participants.
Trading volume remains subdued, underscoring the absence of significant buying pressure needed for a breakout.
Likewise, OBV trends highlight muted capital inflows, raising questions about the token’s ability to maintain upward momentum without renewed interest.
A break above $2.73 could pave the way for a rally towards XRP’s all-time high of $3.31, reigniting investor optimism.
Read XRP’s 2025-2026 Price Prediction
Conversely, a break of the $2.00 support would likely worsen the current stagnation, increasing bearish sentiment.
Until a decisive catalyst emerges, XRP appears locked in a state of tentative equilibrium, with its next move dependent on broader market dynamics and the restoration of network confidence.
