Overview

• The token trades around $2.80–$2.85 after repeated failures to reclaim $3.00, with intraday action capped near $2.85 and range support clustered near $2.78.
• On-chain data show more than 320 million XRP moved to centralized exchanges in the past week and roughly 440 million distributed by large holders over 30 days, lifting exchange reserves toward nine-month highs.
• Derivatives positioning has softened as futures open interest slips to about $8.85 billion, with a recent session wiping out over $11 million in long positions versus roughly $2.4 million in shorts.
• Charts lean bearish with a descending triangle, low RSI and negative MACD; traders highlight $2.68–$2.70 as pivotal support and see $3.15 as the level that would invalidate the pattern.
• Short-term signals from Kraken data show price below the 100-hour SMA with a bearish trend line near $2.835, while resistance sits around $2.90–$2.92 and supports track $2.78 then $2.75.