- XRP did not succeed in having the crucial support level of $ 2.25, and historical patterns suggest that the price could fall 13.5% to reach $ 1.90.
- Despite positive developments, the short -term market sentiment Beerarish remains.
Ripple[XRP] Has experienced a continuous decrease in Futures Open Interest (OI) since he has reached a record high.
According to the on-chain analysis company CoinglassOn January 18, 2025, the futures of XRP OI was $ 7.62 billion.
At the time of writing, however, it has fallen to $ 3.02 billion, almost the lowest level of 2025. This meant a decrease of more than half of his all time.
Source: Coinglass
This decrease in the OI is probably powered by the Bearish -by -views that the cryptocurrency market has experienced. The general sentiment about the crypto landscape remains bearish and cryptocurrencies such as XRP often experienced remarkable price fluctuations.
These fluctuations lead to the liquidation of open positions and activate FOMO among traders who gamble on the Altcoin. This can explain the significant decrease in the OI of XRP.
Looking at the current market sentiment and XRPs OI, it seems that traders are leaving Altcoin bets.
The mixed sentiment of the chain statistics
However, all this happened in a period when the market witnessed various major developments. This included the inauguration of Pro-Crypto US President Donald Trump and several Spot XRP Exchange-Traded Fund (ETF) requests from asset managers.
Despite these positive developments, the short-term sentiment Beerarish remains, so that intraday traders remain largely unaffected while continuing to follow the downward trend.
On the other hand, long -term holders, investors and settings benefit from this continuous decrease by making significant accumulations, as reported by CoingLass.
Data on spot -entry/outflow showed that exchanges witnessed in the past week of an important outflow of $ 187 million in XRP tokens.
Source: Coinglass
This substantial outflow suggests potential accumulation and can cause purchasing pressure and further upwards.
However, this did not come true due to the prevailing market sentiment.
XRP’s price analysis and upcoming levels
XRP traded nearly $ 2.23 at the time of the press and has experienced a modest fall of 0.85% in the last 24 hours.
But during the same period, the trade volume fell by 35%, indicating a lower participation of traders and investors compared to the previous day.
According to Ambcrypto’s price analysis, XRP Beerarish seemed because it recently dropped under a crucial support level of $ 2.25 and a daily candle closed underneath.
After this breakdown, there is a strong possibility that it could be actively falling by 13.5%, so that the following support is achieved at $ 1.90 and the 200-day exponential advancing average (EMA).
Source: TradingView
