XRP technical analysis consolidates around $2.14 after a strong rise. The trend remains neutral on moving averages, with downward momentum and a weekly retracement of -4.33%, a sign of loss of dynamic.
Key levels: Major resistances are at $2.36, $2.6, and $3, while key supports are at $2, $1.9, and $1.7–$1.6. The pivot point at $2.05 remains central to the trend for the month.
Derivatives analysis: Open interest is stable, with a selling dominance in the CVD. Few liquidations in long positions and a neutral funding rate reflect a market waiting under selling pressure.
Forecasts: Above $2, a return to $2.6 remains possible. In case of a breakout, bearish targets are considered at $1.7 and $1.6. The potential varies between +42% and -32%.
Macro context: Upcoming economic decisions, especially those from the FOMC, could influence the trajectory of XRP and trigger a trend change.