XRP price hovers above $2.08 as traders weigh conflicting signals from spot and derivatives markets, suggesting short-term indecision.

Ripple (XRP) is currently trading at $2.08, showing a modest 0.2% gain over the last 24 hours.

The price of Ripple (XRP) has been hovering above the $2.08 mark as traders digest conflicting signals from the spot and derivatives markets, ultimately suggesting short-term indecision.

As the broader cryptocurrency market continues to show signs of consolidation, XRP has also been trading in a rather tight range, bouncing between the $2.00 and $2.15 levels.

This consolidation phase might be setting the stage for a future breakout, but for the time being, traders seem to be approaching the market with caution.

As macroeconomic uncertainty and regulatory concerns persist, traders are hesitant to initiate any aggressive bullish positions. However, despite this, XRP continues to show some positive signals, especially in the derivatives market.

XRP Open Interest Crosses $3B despite Neutral Market Sentiment

As seen in the chart above by Coinglass, XRP’s derivatives market is heating up, showcasing a mixed outlook. The daily trading volume dropped 33.08% to $3.69 billion, indicating less speculative trading.

On the other hand, options volume experienced a massive surge of 98.74%, reaching $2.47 million. This signals a high interest in leveraged bets on volatility, especially among large investors.

Open interest rose 0.44% to $3.13 billion, while options open interest plunged 60.14%, possibly due to expired contracts or reduced hedging activity. Binance’s long/short ratio shows a bullish skew at 2.05, suggesting traders are favoring long positions.

The liquidation heatmap reveals a key risk zone above $2.30, with cumulative short liquidations peaking at 342 million in that zone. This level is critical—any sharp move beyond it could trigger a cascade of short liquidations, fueling a breakout rally.

Rekt data underscores the volatile sentiment: in the last 24 hours, $1.15 million in positions were liquidated, nearly balanced between long ($617K) and short ($531K) positions—reflecting high leverage with little directional conviction.

In conclusion, XRP’s current consolidation at $2.08 sits atop a tense derivatives landscape, with high-leverage positions setting the stage for a volatile move—likely dictated by broader market sentiment and a break above the $2.30 liquidation threshold.

XRP Price Forecast Today: A Push Toward $2.22 if Bulls Reclaim 50-Day EMA

The price of XRP is stabilizing around $2.07 and shows potential for continuation, provided it clears resistance near the $2.21–$2.22 range.

On the daily chart, XRP is now hovering just below the 50-day EMA at $2.2125, which aligns closely with the 100-day EMA at $2.2282, forming a confluence resistance zone.

A breakout above this pocket could open a path to the $2.25 region, with $2.30 as a follow-through target where significant short liquidations cluster.

The Relative Strength Index (RSI) at 47.01 remains neutral but is climbing above its signal line at 43.86, indicating early bullish momentum. The RSI’s recovery from oversold territory, combined with a tightening price structure, supports a possible upside scenario.

Meanwhile, volume delta shows a net increase of 6.7 million XRP coins, the first positive reading in four days, confirming demand is building.

The XRP price forecast today leans cautiously bullish, with upside potential contingent on breaking key moving averages. However, failure to surpass $2.22 could lead to rejection and a pullback toward the 200-day EMA at $1.95.

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News data source: kdj.com

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