Open Interest Drops As Derivatives Traders Exit

• Breakdown below the ascending trendline and EMA cluster flips structure bearish, exposing downside toward $1.80–$1.70.
• Derivatives unwind continues as open interest drops 15%, showing traders exiting positions instead of adding leverage.
• Spot flows remain weak with only $9M in inflows, signaling hesitation and lack of accumulation demand.

XRP price today trades near $2.27, slipping nearly 2 percent as sellers force a clean break below the ascending trendline that protected every major bounce since April. The drop confirms a breakdown from the multi-month symmetrical triangle pattern, shifting the XRP price prediction toward caution as traders react to fading flows and shrinking open interest.

The XRP price action now sits below the 20, 50, and 100 day EMAs, a sign that momentum has flipped in favor of sellers. If buyers fail to reclaim lost support soon, the setup points toward a retest of the high volume demand zone near $1.80 to $1.70, a region the chart has highlighted for months.

Spot Flows Show Weak Demand As Traders Reduce Exposure

Spot flows tell the first part of the story. Despite attempts at recovery, XRP price update data from Coinglass shows only $9 million in net inflows on November 4. The inflow is modest compared to the steady red bars that dominated the last month as traders withdrew liquidity across exchanges.

A healthy uptrend usually requires consistent outflows from exchanges into cold wallets and staking addresses. The current pattern, where inflows and outflows fluctuate without direction, points to hesitation. That hesitation is visible in XRP price volatility, which has increased into breakdown levels instead of bouncing.

Open Interest Drops As Derivatives Traders Exit

Derivatives confirm the same tone. XRP futures open interest fell 15 percent to $3.54 billion, reflecting position reduction rather than aggressive new shorting. That means traders are stepping out of the market instead of betting heavily against XRP.

Volume jumped 64 percent in the past 24 hours, but the rise appears driven by closing trades rather than fresh conviction. Options open interest increased slightly, suggesting hedging activity rather than directional bets.

The combination of falling open interest and rising volume usually represents an unwind phase where traders reduce exposure and wait for confirmation. This loss of leverage support is one of the key reasons why XRP price today could not sustain the $2.40 area and slipped lower.

Sellers Push Price Below Trendline And EMA Cluster

The daily chart shows the decisive shift. XRP price action has broken below the ascending trendline that has served as the backbone of every rally since April. Along with it, price has lost the EMA cluster sitting between $2.49 and $2.69, where the 20, 50, and 100 day EMAs converge. This EMA area now becomes resistance.

Multiple attempts to reclaim the region ended in rejection, which means sellers are defending this level aggressively. Buyers must flip this inverted supply zone back into support before any bullish XRP price prediction becomes valid again. The Parabolic SAR also remains above price, confirming bearish control.

The structure is no longer showing higher lows. Instead, the symmetrical triangle that formed since August has broken to the downside, opening space toward the target implied by the pattern.

Short Term Price Action Shows Failed Bounce Attempts

On the lower timeframe chart, XRP price action tried to bounce from $2.22, but the recovery stalled near the Supertrend resistance line at $2.34. RSI sits around 42, which confirms weakened momentum but not deep oversold conditions.

Buyers are attempting to defend the $2.22–$2.27 area, but there is no confirmation yet that the downtrend is losing strength.

For now, every bounce has been capped quickly, making XRP vulnerable to another leg down if flows remain soft.

Technical Outlook

XRP’s next move depends on whether it can reclaim the broken trendline and EMAs. If price climbs back above $2.49, it would signal the first sign of strength. Closing above $2.69 would confirm a reversal and clear a path toward $3.00 and eventually $3.20, the upper boundary of the prior triangle.

Failure to reclaim $2.49 keeps the downside open. In that case, XRP price prediction shifts toward the $2.10 to $2.00 zone first, followed by the major demand region at $1.80, where buyers previously absorbed heavy volume.

That $1.80 area is the most important support on the chart. Losing it would place XRP back into a much wider consolidation cycle rather than a continuation pattern.

Outlook. Will XRP Go Up

The trend has shifted toward sellers. XRP must reclaim the EMA cluster and break back above $2.49 to flip momentum. Improving spot flows and rising open interest would confirm that traders are returning to build positions.

If XRP stays below the broken trendline, the market will continue to treat every bounce as a selling opportunity, and price could slide toward the $1.80 support zone.

For now, the XRP price update leans cautious. Buyers need to show conviction, not just temporary bounces, before sentiment improves.