Altcoins News
By James Thorp
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XRP Hovers Around Crucial Support Between $2.20–$2.30. At the time of writing, XRP was trading between $2.20 and $2.
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Derivatives Market Sees Sharp Decline in Open Interest. The caution extends beyond spot markets. In derivatives trading, Open Interest fell by 15.73% to $3.
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$2.30–$2.20: The New Volatility Trigger Zone. According to Coinglass data, liquidation clusters are heavily concentrated near $2.30 and $2.
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Whale Selling Adds to Bearish Pressure. The latest on-chain data confirms that large wallets have been net sellers, unloading nearly…
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Can Bulls Reclaim Control Around $2.2?. All eyes are now on whether XRP can hold its footing at the $2.2 support level.
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Short-Term Outlook: Volatility Ahead. For now, XRP’s path forward appears tied to the broader crypto market’s mood and liquidity dynamics.
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Whale activity has returned to the spotlight for XRP, with large holders reportedly offloading 900,000 tokens in just five days.
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The timing of the sell-off coincides with weakening technical indicators and a drop in market participation — trends that have historically preceded larger price swings.
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At the time of writing, XRP was trading between $2.20 and $2.30, a demand zone that has previously acted as a strong foundation for rebounds.
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Repeated rejections from a descending resistance trendline indicate that buyers have struggled to regain control.
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The Relative Strength Index (RSI) currently sits at 35.22, indicating weakening momentum and hinting at near-oversold conditions — a potential setup for short-term accumulation.
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Additionally, a strong Average Directional Index (ADX) reading of 39.19 signals a sustained trend strength, reinforcing the bearish bias in the short run.
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The caution extends beyond spot markets. In derivatives trading, Open Interest fell by 15.73% to $3.52 billion, signaling reduced leverage participation.
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Such a decline often indicates that traders are closing leveraged positions, a sign of growing risk aversion following abrupt price swings or forced liquidations.
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While a cooling in leverage can temporarily reduce volatility, it also reflects weakening conviction among market participants.
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