XRP is dead now.
$XRP XRP seems dead now... but the next step could turn everything upside down | My harsh opinion XRP seems dead now, flat on the chart and sitting near $2.49 as if it forgot how to move. But I've seen this pattern many times - when everyone thinks it's over, usually the real setup starts building beneath the surface. Sentiment is dead, charts are boring, and that's exactly when things turn sharply. Flow data shows a large outflow again - about -8M XRP in the last 24 hours. These are large wallets disposing of assets while small traders try to buy the dips thinking that $2.50 is safe. This is not strength, this is confusion. It usually ends up being a trap move, not a breakout. On the futures side, the long/short ratio is close to 2.9 - that seems optimistic but for me, it's a red flag. Too many long positions in a weak area, an easy setup for a wipeout. Open interest dropped first, then started to rise slowly, telling me that new leverage is coming in, not strong conviction. It's like the market is setting a trap, waiting to punish both sides before the real direction. Technically, the wall is still the 99EMA at $2.55. Below that, bulls do not have real control. Regaining that area with strong volume could see XRP rise quickly to $2.70 and above, but without that, it's just noise.
