- XRP has rebounded above $2, gaining 2.35% in the past 24 hours after a period of decline
- On-chain metrics show decreased activity with transactions dropping from 1.4 million to 657,000
- Active unique accounts fell from 19,018 to 8,039, indicating waning network interest
- Derivatives market shows bullish sentiment with rising Open Interest in futures (2.15%) and options (108.93%)
- XRP avoided a bearish “mini-death cross” technical pattern, with key resistance at $2.24-$2.25
XRP has staged a modest recovery amid recent market volatility, climbing above the crucial $2 price level. The digital asset recorded a 2.35% gain over the past 24 hours, marking its first positive rally after weeks of declining performance.
This price action comes at a critical time as XRP narrowly avoided what traders call a “mini-death cross” – a bearish technical pattern where the 50-day Exponential Moving Average (EMA) crosses below the 100-day EMA.
Currently trading at approximately $2.15, XRP faces mixed signals as on-chain metrics decline while derivatives markets show increasing bullish sentiment.
XRP Price
On-Chain Activity Weakens
Recent data reveals a steep drop in network engagement across the Ripple ecosystem. Transaction volume has plummeted by more than half in the past 24 hours alone, falling from approximately 1.4 million to just 657,000 completed transactions.
This sharp decline coincides with a similarly dramatic reduction in active unique accounts, which dropped from 19,018 to 8,039 – another indicator of potentially fading interest among users and investors.
Such weakening on-chain metrics typically suggest limited momentum for price growth in the near term.
The reduced transaction volume and user activity could hamper XRP’s ability to sustain its recent gains if the trend continues.
Derivatives Market Shows Optimism
Despite weak on-chain indicators, derivatives traders are positioning for potential upside in XRP’s price.
Open Interest (OI) – a measure of the total number of outstanding derivative contracts – has been steadily rising. Futures market OI increased by 2.15% to reach $3.18 billion, while options market OI surged by an impressive 108.93% to $242,000.
The positive Funding Rate of 0.0091% over the past day indicates that long positions (bets on price increases) dominate the derivatives landscape.
This is further supported by the Open Interest Weighted Funding Rate, which stands at 0.0078 and continues to climb. This metric provides a clearer picture of market sentiment by weighing funding rates against contract sizes.
The strong derivatives positioning suggests institutional and professional traders expect higher prices ahead, creating a counternarrative to the weakening on-chain metrics.
Technical Levels to Watch
XRP now faces a key resistance level at $2.1004, which could determine its next directional move.
If buyers fail to push the price convincingly above this threshold, XRP might retreat to find support around $1.923, $1.850, or $1.759 – levels where previous buying interest emerged.
The asset is also approaching the $2.24-$2.25 range, which coincides with the upper boundary of a descending channel that has confined XRP’s price action since early 2025.
A confirmed breakout above this trendline could signal a trend reversal and potentially open the path toward $2.50 and $2.70 price targets.
On the downside, support at $1.95 (near the 200 EMA) remains strong, having initiated the most recent rebound. Additional support rests at $1.80 should market pressure intensify.
XRP’s Relative Strength Index (RSI) currently reads around 50, indicating the asset has room to rise before reaching overbought conditions.
Traders view the avoidance of the mini-death cross and maintenance above the psychologically important $2 level as potentially the strongest bullish signals for XRP in recent weeks.
