- XRP drops more than 5% as sellers drive price back toward the key $1.88 support zone.
- Daily chart stays bearish with XRP locked below major EMAs and the dominant descending trendline.
- Open interest sinks 8%, showing a broad derivatives unwind as long-side traders exit losing positions.
XRP price today trades near $2.03 after sliding more than 5% in the past 24 hours. The decline comes as sellers push price back into the lower half of its descending channel while the broader structure continues to trend downward from the August peak.
Spot Flows Show Limited Accumulation
Spot flow data shows a mild $1.15 million inflow on December 1, but the broader pattern remains dominated by heavy red prints through November. Most sessions over the past six weeks recorded large outflows, signaling that sellers have been distributing into every bounce.
The latest inflow is not large enough to signal a trend shift. Instead, it shows temporary stabilization after a month of persistent distribution. As long as flows remain inconsistent, XRP will find it difficult to defend higher ranges.
Daily Chart Shows Persistent Downtrend
XRP remains locked inside a broad descending pattern that has dominated price action since September.
Price trades below the major EMAs, located between $2.18 and $2.50. These stacked EMAs create a wide resistance ceiling, confirmed by repeated rejections each time price attempts to retest the area.
The major descending trendline drawn from the July high continues to cap every rally. The latest attempt to push above it in mid-November failed instantly, leading to a fast drop toward $2.00.
Parabolic SAR prints above price across the daily timeframe, confirming that sellers still control momentum. XRP also remains below the midpoint of its descending channel, showing that bears continue to dominate trend structure rather than allowing price to drift into the upper band.
The next major support level sits at $1.88, aligned with channel support and historical liquidity from the October washout. If that area fails, the channel projection points toward $1.75 as the next downside level.
Intraday Price Action Confirms Weakness
The 1-hour chart shows a sharp breakdown from the $2.17 to $2.25 resistance band. This range acted as a compression zone for nearly a week before bears forced a decisive move lower.
Supertrend remains red at $2.09, reinforcing short-term downside. RSI sits near 27, showing oversold conditions but not yet indicating meaningful recovery. Each intraday bounce has stalled near the same rejection zone, showing that sellers are defending aggressively even at lower timeframes. Unless XRP reclaims $2.09, intraday attempts to recover are likely to fade.
Derivatives Data Shows Clear Unwind
Open interest is down 8.04 percent to $3.82 billion, indicating that traders are closing positions rather than adding exposure. The reduction follows several weeks of elevated long ratios across major exchanges, suggesting that long-side traders are now unwinding after repeated failures to break resistance.
Top-trader long ratios remain high, with Binance and OKX showing values between 2.25 and 2.99. This means long positioning was crowded into the recent breakdown, and unwinds can pressure the market further as traders exit losing positions.
Liquidation data shows heavier long-side stress, confirming that the selloff forced leveraged traders to reduce exposure.
Outlook. Will XRP Go Up?
XRP needs a clean break above $2.18 to signal early stabilization. A move above $2.33 would show stronger improvement and open a path toward the larger EMA cluster near $2.48 to $2.50. Only a breakout above the descending trendline confirms a real shift in market structure.
- Bullish case: A rebound from $1.88 and a close above $2.18 would indicate trend stabilization. Breaking $2.33 opens the door to $2.48, where major EMAs converge.
- Bearish case: A daily close below $1.88 confirms a breakdown continuation and targets $1.75. Losing that level increases risk of a deeper slide toward $1.60.
XRP must reclaim $2.18 to regain control. Falling below $1.88 turns the move into a deeper correction with lower support levels in play.
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