Jan 20, 2026
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XRP Dips Below $2 as Volatility Rises and Open Interest Grows
XRP's price fell below the $2 level due to a broader crypto market decline, placing it in a vulnerable position. Despite the downturn, Binance derivatives data shows that extreme leverage unwinding hasn't occurred yet.
- XRP open interest on Binance increased to about $566.48 million, above the 30-day average of $528.84 million, indicating new positions are cautiously added.
- The 30-day rolling Z-Score framework suggests potential for a larger move, with open interest growing while volatility remains controlled.
- Arab Chain’s CryptoQuant notes an increase in the 30-day standard deviation of XRP open interest, now at its highest since November, signaling potential for price expansion.
Currently, XRP is in a "risk-on, but cautious" state, where exposure is increasing and volatility is rising without a clear direction. Traders should watch the oi_std30 metric alongside price movements for future shifts.
XRP Slides Back Toward $1.90 as Bears Keep Control
- XRP's price is under pressure, slipping towards $1.90 after failing to hold the $2 level, with a pattern of lower highs and lows confirming a bearish trend.
- Recent attempts to recover have been capped by sellers, with the $2 region now acting as overhead resistance.
- The support area around $1.85–$1.90 serves as a short-term floor during consolidation; failure here could lead to lower liquidity zones and extend the downtrend.
- Volume reflects uncertainty with erratic activity, driven by fear rather than steady accumulation.
Bulls need to reclaim levels above $2 to change the short-term narrative back in their favor.