XRP Flashes Historic Rebound Hint, But Buying Drops 85% — What’s Next for Price?
BeInCrypto
XRP shows a bullish chart divergence, but collapsing buying pressure and high derivatives risk suggest the potential rebound is currently unconfirmed.Summary
XRP price is showing signs of stabilization near $1.38, exhibiting a familiar bullish divergence pattern on the 12-hour chart similar to past setups that preceded rallies, suggesting selling pressure is fading. However, on-chain data contradicts this optimism: Exchange Net Position Change shows an 85% collapse in buying pressure (outflows dropping sharply), and long-term holder accumulation has fallen by over 60%. This hesitation is linked to derivatives risk, where medium-term liquidation data shows short positions dominating. For a confirmed rebound, XRP must reclaim the critical $1.50 resistance level; failure to hold above the downside support near $1.34 could trigger forced selling toward $1.12.
(Source：BeInCrypto)