- XRP remains under pressure near the $1.12 support zone as broader crypto sentiment stays weak.
- Futures open interest is slipping, showing that traders are pulling back from risk.
- A break below $1.05 could push XRP closer to the important $1.00 psychological level.
Ripple’s XRP continues to trade with a heavy tone as market pressure builds across the wider crypto sector. The token is hovering near the $1.12 support area, and so far, buyers have not shown enough strength to shift the mood in a convincing way. Much of the weakness appears tied to broader macroeconomic stress, with investors still cautious toward risk assets.
The Crypto Fear & Greed Index remains deep in the Extreme Fear zone at 15, which says a lot about the current market environment. Traders are not exactly rushing into speculative positions right now. Instead, many appear to be reducing exposure, waiting for clearer signals before stepping back in.
XRP Derivatives Demand Continues to Fade
The derivatives market is showing signs of weaker confidence. XRP futures open interest sits around $2.64 billion, slightly lower than the previous day’s $2.66 billion. It is not a huge drop by itself, but the direction matters. When open interest keeps shrinking during a market correction, it often points to lower risk appetite and fewer traders willing to hold active positions.
This softer derivatives activity suggests that many traders are closing positions rather than building fresh long exposure. That can create a difficult setup for XRP, especially when the broader market is already under pressure. Without stronger participation from leveraged traders, any rebound may struggle to gain real momentum.
ETF Inflows Fail to Spark a Reversal
Spot XRP exchange-traded funds saw mild inflows of around $2.55 million on Friday, according to SoSoValue data. Normally, inflows can offer some support for sentiment, but in this case, the numbers were not strong enough to change the market’s direction.
The bigger issue is that demand still looks too weak compared with the pressure coming from macro uncertainty and fading derivatives participation. If those headwinds continue, XRP could remain vulnerable to another push lower. The key area to watch is near $1.05, followed by the major psychological level at $1.00.
Technical Outlook Still Looks Bearish
From a technical perspective, XRP remains stuck below several major moving averages. The price is trading under the 50-day, 100-day, and 200-day Exponential Moving Averages, which sit near $1.26, $1.36, and $1.58. That setup keeps the broader trend tilted bearish, at least for now.
The MACD histogram is still positive, but it is shrinking steadily, which suggests bullish momentum is fading. At the same time, the Stochastic RSI is pulling back from overbought territory, another sign that buyers are losing control. So even though XRP has not broken down completely, the chart still looks fragile.
Key XRP Levels Traders Are Watching
On the upside, XRP faces initial resistance near the Bollinger middle band around $1.17. If buyers can clear that level, the next hurdles sit near the 50-day EMA at $1.27 and the upper Bollinger band around $1.30. Beyond that, stronger resistance waits near the 100-day EMA at $1.36 and the 200-day EMA at $1.58.
On the downside, the lower Bollinger band near $1.05 remains the most important short-term support. If XRP loses that area, sellers could push the token toward $1.00 fairly quickly. For now, Ripple’s token remains under pressure, and bulls need a stronger recovery soon, or the bearish trend may continue to deepen.
