Overview

• XRP moved in a tight 4% range from $2.54 to $2.66 and slipped back to the mid‑$2.50s after an attempt to hold above $2.60.
• A 23.9 million XRP (about $63 million) transfer to Binance coincided with selling pressure and fresh rejections at $2.65–$2.66.
• Derivatives open interest rose 2.4% to $1.36 billion, signaling heavy leverage that could amplify any next move through forced liquidations.
• Volume surged to roughly 245 million on dips, suggesting institutional buyers defended the $2.55 area even as lower highs signaled ongoing supply.
• Short‑term momentum softened with the hourly MACD losing pace and ADX near 21.5, while some analysts point to a 2017‑style capitulation pattern that remains contingent on broader crypto strength.