XRP has come under intensified selling pressure, sliding nearly 10% over the past week and signaling deeper concerns among derivatives traders.
The decline has sparked a flurry of activity in the futures market, with many positioning for further downside.
The altcoin now teeters near a critical support level around $2, and weakening buying momentum could push it below that threshold in the short term. Key market indicators are reinforcing this bearish outlook.
Data from CryptoQuant shows the taker buy/sell ratio for XRP futures has remained below 1 for two consecutive weeks, currently sitting at 0.92. This metric tracks the volume of market buy orders relative to sell orders in futures trading. A consistent reading below 1 indicates a clear dominance of sellers, with more traders executing market sells than buys.
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