XRP Derivatives Market Revives with 749% Surge in Net Inflows
- Market Revival: XRP futures net inflows surged 749% after a $69 million long liquidation, pushing the price back above $1.60, indicating a recovery in market confidence and increased trading activity.
- Significant Liquidation Impact: On January 30, total long liquidations reached $69.42 million, marking the highest figure since October, followed by another $57.14 million the next day, highlighting increased volatility and risk in the market.
- Changing Trading Dynamics: Over the past four hours, XRP futures recorded $162.22 million in inflows against $151.56 million in outflows, resulting in a net inflow of $10.67 million, showing traders are actively re-entering the market, despite a 49.81% drop in 12-hour net inflows from previous levels.
- Technical Analysis: The market is currently trading between a support level at $1.52 and a resistance level at $1.97, and if net inflows continue to build while spot prices hold above $1.60, a move towards the $1.90-$2.00 range looks plausible in the coming sessions.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
XRP (XRP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.459 | 0.788 | 1.155 | 1.484 | 1.851 | 2.18 | 2.547 |
| Fibonacci | 0.788 | 1.054 | 1.218 | 1.484 | 1.75 | 1.914 | 2.18 |
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