Overview
- XRP fell to about $1.44, breaking $1.50 and remaining below the former $1.60 floor that previously arrested declines.
- Technical views note limited historical support between current levels and $1.00, increasing downside risk if buyers fail to defend near term.
- Derivatives flow shows demand for put spreads and strangles on Deribit, while futures open interest slid to roughly $2.61 billion and Binance’s OI to about $406 million.
- On‑chain signals point to stress, with ledger velocity at yearly highs and short‑term holder NUPL near -0.38, the deepest loss reading since July 2022.
- Spot XRP ETFs have recently turned back to net outflows, following a $92.92 million withdrawal on Jan. 29 that underscored fragile investor confidence.