{"id":10366,"date":"2025-06-23T14:19:05","date_gmt":"2025-06-23T13:19:05","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=10366"},"modified":"2025-06-23T14:19:07","modified_gmt":"2025-06-23T13:19:07","slug":"xrp-price-another-drop-this-week","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/xrp-price-another-drop-this-week\/","title":{"rendered":"Is XRP Price Heading for Another Drop This Week ?"},"content":{"rendered":"\n

XRP Derivatives Data Leaning Towards a Downtrend<\/h2>\n\n\n\n

Key figures regarding XRP<\/a><\/strong> reflect a concerning downtrend. According to CoinGlass data, the open interest (OI) dropped by 36%<\/strong> in a month. It decreased from $5.53 billion<\/strong> on May 14 to just $3.54 billion<\/strong> on June 23. This significant decrease suggests that investors are disengaging, potentially anticipating a price drop.<\/p>\n\n\n\n

At the same time, XRP funding rates turned negative to -0.0068%<\/strong> on June 23, from 0.0057%<\/strong> the day before. This indicates an increase in bearish bets on the cryptocurrency’s price. Historically, such signals have often preceded downtrends in price movements.<\/strong><\/p>\n\n\n\n

Technical analysis of the XRP price highlights a descending triangle pattern<\/strong> on the daily chart since the end of 2024. This pattern is characterized by a horizontal support line and a downtrending resistance<\/strong>. It is generally considered a bearish indicator following a strong uptrend.<\/p>\n\n\n

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\"XRP
Source: TradingView<\/figcaption><\/figure>\n<\/div>\n\n\n

In the current scenario, bulls struggle to keep XRP above the support line at $2.00<\/strong>, indicating a lack of momentum. A break below this level would likely trigger a price drop to the target price of the pattern, around $1.18<\/strong>, representing a 41% <\/strong>decline from current levels.<\/p>\n\n\n\n

Key Areas to Monitor<\/h2>\n\n\n\n

The XRP\/USDT<\/strong> liquidation map on Binance<\/a> reveals significant liquidity zones where compression events may occur. Therefore, a high concentration of liquidations<\/strong> is visible around $1.75<\/strong>, suggesting that this level is a significant support.<\/p>\n\n\n

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\"XRP
Source: CoinGlass<\/figcaption><\/figure>\n<\/div>\n\n\n

If the $1.75 level were to break, it could trigger a wave of liquidations, pushing prices towards $1.60<\/strong>, the next major liquidity zone identified.<\/p>\n\n\n\n

XRP<\/a> faces worrisome bearish signals<\/strong> with imbalanced technical and market indicators. The decrease in open interest, negative funding rates, and the descending triangle pattern all suggest a high risk of a further price collapse, potentially up to 41% according to analyses.<\/p>\n\n\n\n

Ultimately, investors must exercise caution<\/strong> and conduct their own research before making any decisions. Indeed, the situation remains volatile<\/strong> and subject to rapid changes in the cryptocurrency market.<\/p>\n\n\n\n

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