XRP has been trading in choppy waters, slipping to around $3 after a 2.2% drop in the last 24 hours.
While still up nearly 6% on the week, the token has struggled to maintain momentum over the past month, with performance flattening out and pointing toward a weak bias.
Bearish Signals in Derivatives
The derivatives market is flashing red. One of the clearest signs comes from the taker buy-sell ratio, a measure of whether aggressive buyers or sellers dominate futures activity. On September 14, the ratio sank to 0.84, the lowest in a month. That reading shows sellers are firmly in control, with far more traders hitting bids than lifting offers.
In the past, such sharp imbalances sometimes triggered relief rallies – but not this time. Instead, XRP slipped further, echoing late August when a similar setup preceded a 7% slide from $2.96 down to $2.75.
Weakness in Spot Demand
On the spot side, demand isn’t providing a cushion. Binance data shows exchange withdrawal transactions – often used as a proxy for long-term accumulation – have collapsed.
On September 11, there were more than 15,000 withdrawal transactions, but by press time that figure had fallen to under 500, a staggering 97% decline.
Unlike raw outflows, which can be skewed by a few large wallets, this metric tracks the number of individual withdrawal events, making it a clearer gauge of retail and mid-sized investor appetite. The sudden falloff suggests very few buyers are stepping in to scoop up XRP at current levels.
Correction Before a Rally?
The combination of aggressive futures selling and evaporating spot demand points to more short-term pain ahead. Historically, XRP has needed a correction before setting up for stronger bullish patterns, and the same could be true now. If key support levels hold during the dip, it could eventually give the token the base it needs for a healthier rally.
For now, however, traders may need to brace for further pressure before XRP can attempt another move higher.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Source: https://coindoo.com/xrp-news-sell-signals-flash-across-futures-and-spot-markets/