XRP, similar to the broader cryptocurrency market, has slightly recovered on Tuesday despite weakening on-chain activity and persistent selling pressure weighing on the coin.
XRP trades around $1.097, remaining below its major moving averages as buyers struggle to reverse the prevailing downtrend.
Although XRP’s long-to-short ratio has shown modest improvement, broader market indicators suggest that sellers remain in control.
XRP price today: On-chain data shows persistent selling pressure
On-chain and market activity indicators suggest that XRP continues to face substantial selling pressure.
According to CryptoQuant’s market summary , XRP’s spot and futures markets are experiencing significant whale activity, with large orders accompanied by sell-side dominance.
CryptoQuant also identifies heating conditions in XRP’s spot market, indicating elevated trading activity as the cryptocurrency continues its correction.
For XRP, the combination of persistent selling, weak technical momentum, and heightened spot market activity suggests that buyers have yet to establish a convincing recovery.
According to CoinGlass, XRP’s long-to-short ratio increased to 1.01 on Tuesday, moving slightly above the neutral level of one.
A ratio above one indicates that long positions marginally outnumber short positions in the measured market, suggesting that some traders are beginning to position for a potential recovery.
However, Open Interest volume has decreased by 2.6% in the last 24 hours, and now reads $2.44 billion.
Finally, the funding rate has also flipped positive and currently stands at 0.0095%. The derivatives data suggest mixed sentiment among XRP traders at the moment.
XRP technical forecast: Bearish trend persists
XRP’s technical outlook remains bearish as the cryptocurrency continues trading below its major Exponential Moving Averages (EMAs).
At the time of writing on Tuesday, XRP trades around $1.097, extending its broader corrective phase following recent losses.
The cryptocurrency remains below its 50-day EMA at $1.294, the 100-day EMA at $1.303, and the 200-day EMA at $1.365.
The stack of EMAs shows the strength of the prevailing downtrend, with the moving averages forming a substantial resistance zone above the current market price.
Momentum indicators also reflect persistent weakness. The daily Relative Strength Index (RSI) stands near 26, placing XRP firmly in oversold territory.
Meanwhile, the Moving Average Convergence Divergence (MACD) remains negative, indicating that bearish momentum continues to dominate.
If XRP fails to attract stronger buying interest, sellers could push the cryptocurrency toward the psychological $1 support level.
This area represents an important technical and psychological threshold where buyers may attempt to defend the price.
A decisive breakdown below $1 would weaken XRP’s market structure further and increase the possibility of additional losses.
Despite the current bearish conditions, XRP could attempt a short-term recovery if buyers capitalize on oversold momentum readings.
The first major resistance stands at $1.160, which bulls must reclaim to establish an initial improvement in price momentum.
A sustained move above this level could open the door for a broader advance toward the $1.300 resistance region.
XRP/USD Daily Chart
However, this area contains several important technical barriers. The 50-day EMA at $1.294 sits close to the horizontal resistance at $1.300, while the 100-day EMA at $1.303 adds further selling pressure.
A convincing breakout above this cluster of EMAs could encourage buyers to target the 200-day EMA at $1.365.
Beyond these levels, additional resistance is located at $1.540 and $1.900, although reaching those targets would require a substantial recovery in market sentiment.
For now, the combination of bearish momentum indicators and continued sell-side dominance suggests that any rebound could face significant resistance.
AI disclosure: AI tools assisted with research and drafting of this piece. An Invezz editor reviewed the facts, sources and wording before publication. Any opinions or analysis are Invezz’s, not those of an automated system.
The post XRP price rebounds, but a troubling warning remains: can the $1 support survive? appeared first on Invezz
