- On the chart, XRP showed the tendency for a price drop reaching $2.
- Spot and derivative traders are beginning to sell the asset, adding to the downward pressure it faces.
The past week has been bearish for Ripple’s[XRP], with a 21.08% decline. This phase has continued in the past 24 hours, with the asset dropping another 2.45%.
Based on AMBCrypto’s analysis, there’s a tendency that XRP continues to drop even further, as technical indicators and on-chain market sentiment turned bearish.
Next level established on XRP
Fibonacci retracement lines, a pattern used to identify potential support and resistance levels, show that XRP is in a bearish phase. It has crossed below key support levels at 2.86, 2.69, and 2.53.
At the time of writing, there are two more potential support levels that XRP could trade to before price revaluation.
Whether a decline or further drop would continue remains uncertain.
Source: TradingView
The potential support levels for XRP to decline are 2.296 and 1.995, from which a potential price bounce could occur.
However, should the support level at 1.995 get breached, then XRP’s price could trade to even lower levels on the chart.
Indicators show a possible fall
Technical indicators show that both the relative strength index (RSI) and the Average Directional Index (ADX) are in the bearish phase and could trend lower.
Currently, the RSI is within the bearish phase, remaining below the 50 mark, with a reading of 37.18.
It is pointing upward, but this could be a minor reclaim before it trends lower as the price falls. If it forms a lower low, XRP’s price would follow a similar path.
Source:TradingView
The Average Directional Index (ADX) has confirmed this bearish trend with a reading of 28.21. When the ADX is trading upwards and is within 25 to 50, it signals the market trend is strong, which is the case with XRP at the moment.
Should ADX continue to rally higher, then it would mean that XRP’s price would continue to drop lower from its current level.
AMBCrypto found that this downward trend is likely driven by spot and derivative sellers in the market.
Spot and derivative traders can force XRP to…
According to the exchange netflow, which tracks spot traders’ behavior depending on whether it turns positive (selling) or negative (buying), there are more sellers in the market currently.
Press time data of XRP’s exchange netflow on the chart has turned positive in the market, with $17.60 million worth of the asset sold in the past 24 hours, as spot holders sell.
Source: Coinglass
At the same time, derivative traders in the market are selling equally, as the Funding Rate, which tracks what segment of the market is paying the premium, turned negative.
Read XRP’s Price Prediction 2025–2026
When the Funding Rate is negative, it means the sellers are in control and paying the premium as their confidence in the market drops.
If this bearishness in the market continues, then XRP’s fall could be closer than anticipated.
Source: https://ambcrypto.com/xrp-price-prediction-whats-next-for-this-crypto-giant/