📉XRP Bearish: 1.15 Support Faces a Test
The latest publicly verifiable snapshot shows XRPUSDT on Binance at approximately 1.1593, down 2.21% over 24 hours; futures trading volume was $543 million, down 43.88%, open interest was approximately $392 million, down 1.30%, and the funding rate was +0.0100%. Positions are being reduced as prices fall, while longs are still paying funding, suggesting weak buying support on rebounds. Data (https://www.coinglass.com/currencies/XRP/futures)
In the order flow snapshot at 20:39 on the 7th, aggressive buying accounted for 40% over 15 minutes; the daily RSI was approximately 33, and the MACD was below its signal line, with bears still holding the advantage. These figures are not synchronized real-time values. Order flow (https://edgedepth.com/research/symbols/xrpusdt) | Indicators (https://www.360tradingview.com/crypto/XRP)
Over the next 4–24 hours, the bias is for further downside: watch support at 1.15, with 1.14 in view if it breaks. Resistance is at 1.18–1.19; a sustained move above 1.19 on increased volume would invalidate the bearish outlook.
#XRP #XRPUSDT #MarketAnalysis
The latest publicly verifiable snapshot shows XRPUSDT on Binance at approximately 1.1593, down 2.21% over 24 hours; futures trading volume was $543 million, down 43.88%, open interest was approximately $392 million, down 1.30%, and the funding rate was +0.0100%. Positions are being reduced as prices fall, while longs are still paying funding, suggesting weak buying support on rebounds. Data (https://www.coinglass.com/currencies/XRP/futures)
In the order flow snapshot at 20:39 on the 7th, aggressive buying accounted for 40% over 15 minutes; the daily RSI was approximately 33, and the MACD was below its signal line, with bears still holding the advantage. These figures are not synchronized real-time values. Order flow (https://edgedepth.com/research/symbols/xrpusdt) | Indicators (https://www.360tradingview.com/crypto/XRP)
Over the next 4–24 hours, the bias is for further downside: watch support at 1.15, with 1.14 in view if it breaks. Resistance is at 1.18–1.19; a sustained move above 1.19 on increased volume would invalidate the bearish outlook.
#XRP #XRPUSDT #MarketAnalysis