XRP Price Prediction: XRP Stalls as Open Interest Falls and Outflows Persist
- XRP trades below all major EMAs, keeping sellers in control despite steady support.
- Open interest fell to $2.28B, signaling weaker leverage and cautious participation.
- Persistent exchange outflows keep recovery limited as buyers await stronger momentum.
XRP continued to trade under pressure on Wednesday as buyers struggled to regain control after another failed recovery attempt. The token hovered near $1.067, reflecting a market that lacks strong conviction from either side. Although selling pressure has eased compared to previous declines, bullish momentum remains limited.
XRP Faces Key Technical Test
XRP remains below its 20, 50, 100, and 200 exponential moving averages, keeping the short-term trend tilted toward sellers. The immediate support sits at $1.0625, which has repeatedly acted as the floor during the recent consolidation.
A decline below this le…
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