1 month ago
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Key Takeaways
- XRP trades at $1.0479 after a June collapse from $1.25 to a $1.007 low.
- All three moving averages sit above price and are declining.
- Open interest broke structurally lower in October 2025 and stays compressed.
- The turnover ratio at 0.71 points to subdued speculative churn.
Underneath that, leverage and turnover have both thinned out. The combination describes a market that has de-risked, which is not the same as one turning bullish.
The June Collapse and Where Price Sits
XRP has been in a downtrend since the February high near $1.65, and June was the sharpest leg. The decline came in steps: sharp red candles from $1.30 to $1.16, a mid-month bounce back to $1.30, then a second leg that broke below $1.10 and bottomed at $1.007 on June 26. The last several candles have compressed tightly between $1.04 and $1.07, the first real consolidation after weeks of one-way selling. Volume on the down-legs ran heavier than on the bounce attempts, which says the selling carried more conviction than the recovery bids.
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