XRP is trading at $1.18, below all major moving averages, as technical indicators flash bearish signals. Analysts see a 60% probability of a further drop to $1.10, according to market data.
Bearish Taker Flow
Net-negative taker flow has emerged, indicating that sellers are aggressively hitting bids. This imbalance suggests bearish market sentiment for XRP, with more traders looking to exit positions than enter new ones.
Flatlining Momentum
Momentum metrics show flatlining conditions for XRP price movement. Without a catalyst to push the token higher, the current downtrend may persist. The lack of upward momentum leaves XRP vulnerable to continued selling pressure.
The next key level to watch is $1.10. If that support breaks, further losses could follow. Traders are monitoring whether buying volume can return to reverse the slide.
