XRP is trading below its major moving averages, reinforcing persistent bearish momentum. Falling open interest suggests that leverage has eased, but overall trader demand remains weak. Balanced spot flows indicate that investors are waiting for stronger signals before re-entering the market.
Although the token has managed to hold above a key support area near $1.05, sellers continue to dominate the short-term structure. The recent downturn followed a failed attempt to sustain gains near $1.29 in mid-June. Since that rejection, XRP has formed a sequence of lower highs and lower lows, trading beneath resistance levels and further dampening hopes for a swift recovery. Market participants remain focused on whether XRP can stabilize above current levels or extend its decline in the coming sessions.
