Will the XRP price decrease again? star-news.press/wp

Main points:

• Decline signals of the decrease in open interest and negative financing rates indicate a deeper, deeper correction of the XRP price.

• The XRP triangle style targets $ 1.18.

• Binance XRP/USDT Thermometer Filter highlights $ 1.75 -1.60 dollars as the next main liquidity area.

The price of XRP (XRP) has decreased by 12.6 % over the past five days and was trading less than $ 1.91 on June 22.

Let’s study if the XRP price can decrease in the coming days.

XRP derivative data tends to land

XRP capabilities are strengthened by decreasing by reducing open attention (OI), according to data from Coinglass.

Related to: The largest owners of the XRP Rally Rally sells xr Rally

The graph below shows that XRP has decreased by 36 % to 3.54 billion dollars on June 23 from 5.53 billion dollars on May 14, indicating that investors are closing, and they may expect a decrease in the price of XRP.

Historically, open interest assets explode to maintain ascending momentum, as there is less and enthusiastic capital to pay prices up. The current scenario reflects a 74 % decrease in OI between January 20 and February 8, which accompanied a decrease of 32 % to $ 2.26 from the highest multi -year level at $ 3.40 during the same period.

Meanwhile, negative XRP financing rates turned to -0.0068 % on June 23 from 0.0057 % on June 22, indicating an increase in bets on the price to drop.

The XRP triangular triangles alludes to a 41 % decrease in the price

The XRP price movement has been a descending triangular style on the daily chart since the late 2024 rally, and it is characterized by a flat support level and a lower line.

The descending triangle chart style is seen formed after a strong upward trend as a declining reversal indicator. The preparation is permissible when the price breaks below the level of flat support and falls by the maximum height in the triangle.

The bulls are struggled to keep XRP over the triangle support line at $ 2.00, indicating a lack of strength. The collapse of this level will witness a decrease in the price of XRP towards the negative target of the prevailing graph pattern at about $ 1.18, a decrease of 41 % of the current price levels.

The target of the descending triangle of XRP repeats a previous analysis, which warned of a possible decrease to $ 1.20 if the support does not stick to $ 2.00.

On the contrary, the clear collapse above the triangle resistance line at $ 2.22 (where it appears that simple moving averages for 50 days and 100 days are converging) will completely nullify the landfill structures, putting the assembly price about $ 3.00.

It strikes the XRP calorie map of $ 1.75 -1.60 dollars

Accuracy XRP/USDT Filter Map of Heat It reveals the main liquidity areas where major liquidation events may occur. These levels often act as a magnet, which affects the price direction based on the amount of liquidity at a certain level.

There can be a high concentration for references near $ 1.75, as the yellow space indicates a set of recovered situations, indicating that it is an important support level.

If the level of $ 1.75 is broken, it may cause filtering pressure, forcing the long buyers to close positions and drive prices about $ 1.60, the next main liquidity set.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.