The XRPUSDT Perpetual Futures contract is currently trading at $2.1310, reflecting a -1.10% decrease. The mark price is slightly lower at $2.1307, indicating minimal slippage. Over the last 24 hours, the price has fluctuated between a high of $2.1992 and a low of $2.1052, with a 24-hour trading volume of 572.61 million XRP, equivalent to approximately $1.23 billion USDT.From a technical perspective, the price is sitting below the 7-period MA at $2.1369, the 25-period MA at $2.1490, and the 99-period MA at $2.1874, which suggests an ongoing bearish sentiment. The market attempted a minor rebound after reaching the $2.1052 low, but faces continued resistance from short-term moving averages, preventing sustained upward momentum.The Relative Strength Index (RSI) is currently at 43.70, indicating a neutral to weak bullish momentum, still far from the overbought or oversold thresholds. Volume has been gradually decreasing after a prior spike, which hints at reduced trader interest in the short term.In summary, the XRPUSDT perpetual futures market is exhibiting signs of short-term weakness, with bearish bias maintained under pressure from major moving averages. Traders should watch closely for a break above the 25-period MA or a retest of the $2.1052 support level to anticipate the next significant move.
