Overview
- XRP traded near $2.27 after a 24‑hour drop of roughly 5% and a weekly decline exceeding 14%, with price slipping below key $2.30 support.
- Technical gauges show the 50‑day moving average nearing a crossover below the 200‑day, a widely watched “death cross” that signals weakening momentum.
- Coinglass data show about $31.8 million in XRP positions liquidated over 24 hours, mostly longs, as futures open interest fell to roughly $3.5 billion.
- On‑chain readings cited by analyst Ali Martinez indicate large holders sold about 900,000 XRP over five days, aligning with reduced derivatives liquidity.
- Institutional storylines remain active as Grayscale and others update spot‑XRP ETF filings and the REX‑Osprey ETF gathers roughly $120 million, while Ripple confirmed the Palisade custody acquisition and said RLUSD surpassed $1 billion in market cap.