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14 hour ago
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XRP Holds Near $1.94 Amidst Market Correction and Potential Reversal Signs

XRP Market Overview:

  • XRP is trading below $2, struggling amidst market instability and weakened risk appetite.
  • The price is 47% below its all-time high from July 2025 after a previous 600% rally since November 2024.
  • The current phase is seen as a natural correction following significant gains.

Negative Funding Rates & Potential Reversal:

  • Funding rates on Binance have been negative since December, indicating dominant leveraged short positions.
  • Historically, such bearish consensus can lead to short covering, potentially fueling a rebound if key levels are reclaimed.
  • Past instances in 2024 and 2025 showed similar patterns leading to price stabilization and recovery.

XRP Ledger Funding Rates

XRP Price Action:

  • The price is stabilizing around $1.94, above a local support zone formed post-Q4 2025 sell-off.
  • Downside momentum has slowed, with the market entering a tight consolidation range.
  • Key resistance lies at $2.10–$2.30 due to declining moving averages acting as dynamic resistance.

XRP testing critical demand level

If XRP reclaims $2, it may trigger a stronger recovery towards $2.30–$2.50. Conversely, losing the $1.85 support could renew selling pressure.