{"id":824512,"date":"2025-02-05T07:11:38","date_gmt":"2025-02-05T13:11:38","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/05\/xrp-bulls-run-into-trouble-will-it-fall-to-1-95\/"},"modified":"2025-02-05T07:11:38","modified_gmt":"2025-02-05T13:11:38","slug":"xrp-bulls-run-into-trouble-will-it-fall-to-1-95","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/05\/xrp-bulls-run-into-trouble-will-it-fall-to-1-95\/","title":{"rendered":"XRP Bulls Run Into Trouble, Will It Fall to $1.95?"},"content":{"rendered":"
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\"XRP\"<\/figure>\n<\/div>\n
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After an impressive price reversal, the crypto market once again seems to be facing a dip across various cryptocurrencies. Amid this, XRP, the native token of Ripple Labs, is gaining significant attention from crypto enthusiasts despite the continuous price decline, as reported by the on-chain analytics firm Coinglass.<\/p>\n

Binance Traders\u2019 Rising Bets on Long Positions<\/strong><\/h2>\n

The on-chain metric Binance XRPUSDT Long\/Short ratio currently stands at 2.80, indicating strong bullish sentiment among traders. However, this metric also reveals that for every 2.80 long positions, there is a single short position.<\/p>\n

Additionally, the data further shows that, at press time, 73.6% of top XRP traders on Binance hold long positions, while 26.4% hold short positions.<\/p>\n

Current Price Momentum\u00a0<\/strong><\/h3>\n

However, all this interest from Binance traders comes while XRP <\/a>is struggling to gain momentum. The asset is currently trading near $2.50 and has experienced a price drop of over 6.50% in the past 24 hours.<\/p>\n

Due to this market uncertainty, traders\u2019 and investors\u2019 participation has dropped, resulting in a 65% decline in its trading volume.<\/p>\n

XRP Price Action and Key Levels\u00a0<\/strong><\/h2>\n

With this notable price decline, XRP seems to be failing to hold its crucial support level of $2.60, which it achieved during the significant price reversal.<\/p>\n

<\/a>
Source: Trading View<\/figcaption><\/figure>\n

Based on the recent price action and historical momentum, if XRP doesn\u2019t rebound and closes a daily candle below the $2.50 level, there is a strong possibility it could fall by 25% to reach the next support at the $1.95 level.<\/p>\n

Meanwhile, XRP\u2019s Relative Strength Index (RSI) is at 38, indicating it could face a price decline due to its weak strength. Additionally, the asset\u2019s 200 Exponential Moving Average (EMA) is still below the price, indicating an uptrend.<\/p>\n

Major Liquidation Areas<\/strong><\/h2>\n

With the bearish price momentum, traders holding long positions seem to be liquidating. As of now, the major liquidation areas<\/a> are near $2.47 on the lower side and $2.75 on the upper side, with traders over-leveraged at these points.<\/p>\n

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Source: Coinglass<\/figcaption><\/figure>\n

If the current market sentiment remains unchanged and the price falls to the $2.47 level, nearly $22.68 million worth of long positions will be liquidated. Conversely, if the sentiment shifts and the price rises to the $2.75 level, approximately $99 million worth of short positions will be liquidated.<\/p>\n

When combining these on-chain metrics with the technical analysis, it appears that bulls are exhausted, and short-sellers are currently dominating the asset, which could lead to further price decline.<\/p>\n<\/div>\n

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\n Chandan Gupta<\/p>\n","protected":false},"excerpt":{"rendered":"

After an impressive price reversal, the crypto market once again seems to be facing a dip across various cryptocurrencies. Amid this, XRP, the native token of Ripple Labs, is gaining significant attention from crypto enthusiasts despite the continuous price decline, as reported by the on-chain analytics firm Coinglass. Binance Traders\u2019 Rising Bets on Long Positions<\/p>\n","protected":false},"author":1,"featured_media":824513,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25369,1654],"tags":[],"class_list":{"0":"post-824512","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bulls","8":"category-trouble"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/824512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=824512"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/824512\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/824513"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=824512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=824512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=824512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}