ETF buzz meets bearish bets: XRP struggles to hold $2 support,Despite ETF optimism, XRP’s options market shows a bias toward downside protection, with puts priced higher than calls on Deribit.Long-term holders are accumulating XRP, but bearish RSI trends and fragile support levels raise the risk of a dip to $1.94 or lower.News - XRP is showing signs of stress even as speculation builds around its potential to become the next U.S.-listed spot crypto ETF after Bitcoin and Ethereum. Analysts point to the token’s favorable order book depth as a reason for its ETF candidacy. However, the options market paints a different picture.
Data from Deribit reveals that XRP put options are commanding higher premiums than calls across several timeframes—a sign that traders are hedging against further price declines. This bearish sentiment aligns with the token's recent breakdown from an ascending wedge pattern, which suggests a potential retest of support near $1.60.
Accumulation can’t outpace market fear - Even as options traders lean bearish, XRP’s long-term holders have been quietly accumulating. The Liveliness metric—a gauge of token movement—has been declining steadily, indicating fewer transactions and more holding behavior.
This accumulation is helping XRP maintain stability above $2.08 at press time, with the $2.02 level serving as immediate support. Still, the Relative Strength Index (RSI) remains in bearish territory and has failed to sustain rallies above the neutral 50 mark for over two months, signaling weak bullish momentum.
What’s next? - XRP remains caught between bullish ETF speculation and persistent technical weakness. If the $2.02 support breaks, the token could fall to $1.94 or even $1.79. For now, XRP appears locked in a range, with resistance at $2.16 and investor sentiment uncertain.
ETF buzz meets bearish bets: XRP struggles to hold $2 support,Key points:Despite ETF optimism, XRP’s options market shows a bias toward downside protection, with puts priced higher than calls on Deribit.Long-term holders are accumulating XRP, but bearish RSI trends and fragile support levels raise the risk of a dip to $1.94 or lower.News - XRP is showing signs of stress even as speculation builds around its potential to become the next U.S.-listed spot crypto ETF after Bitcoin and Ethereum. Analysts point to the token’s favorable order book depth as a reason for its ETF candidacy. However, the options market paints a different picture.Data from Deribit reveals that XRP put options are commanding higher premiums than calls across several timeframes—a sign that traders are hedging against further price declines. This bearish sentiment aligns with the token's recent breakdown from an ascending wedge pattern, which suggests a potential retest of support near $1.60.Accumulation can’t outpace market fear - Even as options traders lean bearish, XRP’s long-term holders have been quietly accumulating. The Liveliness metric—a gauge of token movement—has been declining steadily, indicating fewer transactions and more holding behavior.
This accumulation is helping XRP maintain stability above $2.08 at press time, with the $2.02 level serving as immediate support. Still, the Relative Strength Index (RSI) remains in bearish territory and has failed to sustain rallies above the neutral 50 mark for over two months, signaling weak bullish momentum.What’s next? - XRP remains caught between bullish ETF speculation and persistent technical weakness. If the $2.02 support breaks, the token could fall to $1.94 or even $1.79. For now, XRP appears locked in a range, with resistance at $2.16 and investor sentiment uncertain.#SolanaSurge $XRP $SOL
