- XRP Falls Below $2.00, Bearish Pattern Now in Play
- $34M Longs Liquidated as Bulls Lose Momentum
- RSI Nears Oversold as Price Eyes $1.50 Support
XRP is trading near a critical level as market pressure intensifies. The asset recently fell below the $2.00 mark, placing it into a heavy demand zone. Analysts warn that if XRP closes consecutive candles in this zone—especially on the daily or three-day chart—it may confirm a shift in control to the bears.
XRP Faces Key Support Challenge as Open Interest Drops
According to Coinglass data, XRP futures open interest has dropped to $3.07 billion, marking a 16% decrease in the last 24 hours. Liquidations also spiked during this period, with over $34 million in long positions wiped out. This suggests that traders betting on a price rise were caught off guard by the sharp drop.
The long/short ratio on Binance shows that nearly 70% of traders remain bullish on XRP, with a ratio of 2.37. However, when one side of the market becomes too crowded, sharp reversals often follow. This situation may cause the price to react unexpectedly as technical setups clash with strong sentiment.
XRP is currently holding just below the $1.80 level. This price has now formed short-term resistance. If bulls fail to defend the $1.65–$1.80 area, the price may retest $1.50 or even lower. Analysts are watching this demand zone closely to see if buyer strength can prevent deeper losses.
Price Structure Signals Tension Between Bulls and Bears
The XRP 12-hour chart shows the asset broke below a descending triangle pattern that had been forming for weeks. This break signaled a potential 68% drop from its January highs. Since falling below $2.00, XRP has been under strong selling pressure.
Indicators such as the RSI are nearing oversold territory, while the MACD continues to show a sell signal. If current conditions persist and XRP closes multiple candles inside the heavy demand zone, bearish control could grow stronger.
Any sustained drop below $1.65 could increase downside momentum.The XRP price movement this week will be key in determining whether bulls can reclaim strength or if bears will continue to push lower.
