XRP is currently around 1.01u, grinding right up against the $1 psychological level.
The biggest issue in this move isn’t the price itself—it’s that money is flowing out. Spot markets have seen a net outflow over the past three hours; among the last twelve candlesticks, there hasn’t been a single red one—everything has been outflows. The aggressive buy side is also much weaker than the sell side. At this level, there really aren’t many people willing to buy with real cash.
The derivatives side isn’t going smoothly either. Open interest isn’t falling—if anything, it’s rising—yet the price is still grinding lower, which suggests that what’s coming in is new short positions, not dip-buyers. Large players are also withdrawing: the proportion of long positions has been cut down noticeably over the past few hours. Both the funding side and the positioning side are putting pressure at the same time.
Of course, there’s another side to it. RSI is already near oversold territory, the 1-hour candles have flipped red-to-green, the funding rate is still positive, and community sentiment isn’t bad. At the $1 level, someone is holding the line—so short-term, it’s not that easy to smash it down.
So my stance is very straightforward: don’t chase longs at this level, and don’t rush to short either. The key is whether $1 can hold. If it breaks, then it will likely move further down. But if the money that flowed out can flow back in and it stabilizes, then we can talk.
Let it choose its direction on its own—it's more comfortable than trying to guess.
#xrp $XRP
The biggest issue in this move isn’t the price itself—it’s that money is flowing out. Spot markets have seen a net outflow over the past three hours; among the last twelve candlesticks, there hasn’t been a single red one—everything has been outflows. The aggressive buy side is also much weaker than the sell side. At this level, there really aren’t many people willing to buy with real cash.
The derivatives side isn’t going smoothly either. Open interest isn’t falling—if anything, it’s rising—yet the price is still grinding lower, which suggests that what’s coming in is new short positions, not dip-buyers. Large players are also withdrawing: the proportion of long positions has been cut down noticeably over the past few hours. Both the funding side and the positioning side are putting pressure at the same time.
Of course, there’s another side to it. RSI is already near oversold territory, the 1-hour candles have flipped red-to-green, the funding rate is still positive, and community sentiment isn’t bad. At the $1 level, someone is holding the line—so short-term, it’s not that easy to smash it down.
So my stance is very straightforward: don’t chase longs at this level, and don’t rush to short either. The key is whether $1 can hold. If it breaks, then it will likely move further down. But if the money that flowed out can flow back in and it stabilizes, then we can talk.
Let it choose its direction on its own—it's more comfortable than trying to guess.
#xrp $XRP