Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin Macro Trend Oscillator shows when you can expect the price pin

2025-05-19

Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

2025-05-19

Sec -retreats decision on Bitwise, 21Shares Solana ETF applications, Opens Public Consultation

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

    2025-05-19

    Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

    2025-05-19

    Sentismai integrates Kyberswap for seamless EVM -Kettingwaps

    2025-05-19

    Alchemie acquires Solana developer Dexterlab for unknown sum

    2025-05-19

    Interlink and Blazpay Partner to improve the user experience in Web3 with AI

    2025-05-19
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Sec -retreats decision on Bitwise, 21Shares Solana ETF applications, Opens Public Consultation

    2025-05-19

    Authorities claim that scammers have stolen $ 265,000,000 in crypto to buy exotic cars, private security and other luxury

    2025-05-19

    SEC chairman Atkins confirms the end of hard crypto enforcement, proposes a uniform framework

    2025-05-19

    Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

    2025-05-19

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18
  • Analysis

    BlackRock’s Buidl to Power Bouncebit’s new RWA Yield Strategy Platform

    2025-05-19

    XRP -Price confirms Bullish reversing settings with this demand zone

    2025-05-19

    Finish Bitcoin price inches in the direction of all time-can Momentum?

    2025-05-19

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»XRP Forms a Bearish Pattern After a Drop in Open Interest: Will Bears Take Over the XRP Price?
Altcoins

XRP Forms a Bearish Pattern After a Drop in Open Interest: Will Bears Take Over the XRP Price?

2023-10-08No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Despite a legal setback for the SEC, XRP’s price has struggled to meet buyer demand. Although a brief wave of bullish momentum led to aggressive buying, it ultimately failed to withstand rising selling pressure near the top. As a result, sellers are now preparing for a possible rally, creating a bearish pattern for the XRP price amid declining open interest.

Traders are showing less interest in XRP futures

With the XRP price showing increasing volatility around $0.55, traders are showing hesitation in initiating futures positions, causing bearish sentiment in the market. Coinglass data shows that XRP’s Open Interest (OI) has fallen from a peak of $553 million to $506 million over the past 48 hours, indicating a $47 million contraction in futures positions.

A drop in open interest can reflect strong bullish or bearish sentiment among traders, depending on the price movement. When both price and OI experience a downturn, it often leads to a bullish market as traders show little interest in futures amid a falling price, thus retaining the potential to reach a robust support level.

Interestingly, the long/short ratio is currently trending towards the confidence of those taking short positions. After falling in recent hours, the ratio is now trading at 0.9309. Currently, bears are maintaining the outlook with 52% of short positions, while bulls are resisting with 48% of long positions, indicating that current sentiment is on a downward trajectory.

Furthermore, with the XRP price continuously falling below the Fib channels, there is a sharp increase in long liquidation. The liquidation chart shows that long positions worth almost $700,000 have been liquidated in the last 24 hours, keeping the bulls out of the current trend and strengthening the resistance level.

See also  Ethereum Price Advances With a 10% Rise: Is More to Come?

What’s Next for the XRP Price?

Buyers are holding the XRP price above the pattern support line at $0.51, indicating small purchases near the price drop. However, bears are trying to slow down buying sentiment by pushing the altcoin below the support line. At the time of writing, the XRP price is trading at $0.521, down over 0.85% from yesterday’s price.

The RSI trendline is making a positive divergence from the centerline and is currently trading at 49. Also, XRP’s momentum within the EMA lines suggests that buyers could soon make a comeback if the price returns from $0.51.

The bulls will challenge the overhead resistance at $0.55. Success in this move could signal the start of a new uptrend, potentially setting the XRP price on a path towards the resistance at $0.64.

On the other hand, if the price fails to gain buying pressure near $0.51 and falls below the uptrend line, it could indicate bulls are capitalizing on gains. This scenario could see the altcoin fluctuate between $0.46 and $0.48 for several more days.



Source link

Bearish Bears Drop Forms Interest open pattern Price XRP
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Macro Trend Oscillator shows when you can expect the price pin

2025-05-19

Coinbase confirms Doj research after a major security incident

2025-05-19

Cardano’s ICO era ‘Redemption Scandal’ re -diving – will it drag the Rally of Ada?

2025-05-19

XRP -Price confirms Bullish reversing settings with this demand zone

2025-05-19
Add A Comment

Comments are closed.

Top Posts

Uniswap Surpasses Key Resistance to Cause Short Liquidations of $1.5 Million! Here is the next UNI price level

2023-11-24

Wat is zero-knowledge proof en hoe beschermt het uw gegevens?

2024-05-18

‘Ethereum fails’ without these 3 things, according to Vitalik Buterin

2023-06-15
Editors Picks

Everything you need to know about Ethereum stablecoin market cap hitting new highs

2024-12-28

Between inflows and outflows, is Bitcoin waiting for a sell-off?

2023-08-23

Nasdaq files to start a new gray-valve Avalanche (Avax) Exchange Traded Fund

2025-03-29

Former Binance CEO Changpeng Zhao is challenging the US government’s move to overturn bail conditions

2023-11-26

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin Macro Trend Oscillator shows when you can expect the price pin

Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

Sec -retreats decision on Bitwise, 21Shares Solana ETF applications, Opens Public Consultation

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$106,520.571.36%
  • ethereumEthereum(ETH)$2,542.924.47%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.400.30%
  • binancecoinBNB(BNB)$650.841.05%
  • solanaSolana(SOL)$169.650.88%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2279351.30%
  • cardanoCardano(ADA)$0.750.44%
  • tronTRON(TRX)$0.2665341.28%
  • suiSui(SUI)$3.892.07%
  • chainlinkChainlink(LINK)$16.053.98%
  • avalanche-2Avalanche(AVAX)$22.460.28%
  • stellarStellar(XLM)$0.2874770.03%
  • hyperliquidHyperliquid(HYPE)$26.710.94%
  • shiba-inuShiba Inu(SHIB)$0.0000150.53%
  • hedera-hashgraphHedera(HBAR)$0.1955630.67%
  • unus-sed-leoUNUS SED LEO(LEO)$8.70-0.19%
  • bitcoin-cashBitcoin Cash(BCH)$396.64-0.75%
  • the-open-networkToncoin(TON)$3.04-1.27%
  • litecoinLitecoin(LTC)$99.100.11%
  • polkadotPolkadot(DOT)$4.64-0.02%
  • moneroMonero(XMR)$344.710.98%
  • bitget-tokenBitget Token(BGB)$5.241.29%
  • pepePepe(PEPE)$0.0000131.44%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.74-0.23%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • aaveAave(AAVE)$259.3216.25%
  • uniswapUniswap(UNI)$6.001.90%
  • bittensorBittensor(TAO)$416.040.06%
  • nearNEAR Protocol(NEAR)$2.812.13%
  • aptosAptos(APT)$5.233.34%
  • okbOKB(OKB)$52.37-0.68%
  • ondo-financeOndo(ONDO)$0.940.89%
  • kaspaKaspa(KAS)$0.108471-0.99%
  • ethereum-classicEthereum Classic(ETC)$18.632.44%
  • internet-computerInternet Computer(ICP)$5.261.52%
  • gatechain-tokenGateToken(GT)$21.57-0.23%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.910.15%
  • crypto-com-chainCronos(CRO)$0.096952-0.75%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.235210-0.41%
  • mantleMantle(MNT)$0.73-0.91%
  • vechainVeChain(VET)$0.0284270.83%
  • render-tokenRender(RENDER)$4.641.63%
  • ethenaEthena(ENA)$0.3764790.13%
  • usd1World Liberty Financial USD(USD1)$1.00-0.05%
  • algorandAlgorand(ALGO)$0.2238500.93%
  • filecoinFilecoin(FIL)$2.881.83%
  • arbitrumArbitrum(ARB)$0.3937753.20%
  • bitcoinBitcoin(BTC)$106,520.571.36%
  • ethereumEthereum(ETH)$2,542.924.47%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.400.30%
  • binancecoinBNB(BNB)$650.841.05%
  • solanaSolana(SOL)$169.650.88%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2279351.30%
  • cardanoCardano(ADA)$0.750.44%
  • tronTRON(TRX)$0.2665341.28%
  • suiSui(SUI)$3.892.07%
  • chainlinkChainlink(LINK)$16.053.98%
  • avalanche-2Avalanche(AVAX)$22.460.28%
  • stellarStellar(XLM)$0.2874770.03%
  • hyperliquidHyperliquid(HYPE)$26.710.94%
  • shiba-inuShiba Inu(SHIB)$0.0000150.53%
  • hedera-hashgraphHedera(HBAR)$0.1955630.67%
  • unus-sed-leoUNUS SED LEO(LEO)$8.70-0.19%
  • bitcoin-cashBitcoin Cash(BCH)$396.64-0.75%
  • the-open-networkToncoin(TON)$3.04-1.27%
  • litecoinLitecoin(LTC)$99.100.11%
  • polkadotPolkadot(DOT)$4.64-0.02%
  • moneroMonero(XMR)$344.710.98%
  • bitget-tokenBitget Token(BGB)$5.241.29%
  • pepePepe(PEPE)$0.0000131.44%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.74-0.23%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • aaveAave(AAVE)$259.3216.25%
  • uniswapUniswap(UNI)$6.001.90%
  • bittensorBittensor(TAO)$416.040.06%
  • nearNEAR Protocol(NEAR)$2.812.13%
  • aptosAptos(APT)$5.233.34%
  • okbOKB(OKB)$52.37-0.68%
  • ondo-financeOndo(ONDO)$0.940.89%
  • kaspaKaspa(KAS)$0.108471-0.99%
  • ethereum-classicEthereum Classic(ETC)$18.632.44%
  • internet-computerInternet Computer(ICP)$5.261.52%
  • gatechain-tokenGateToken(GT)$21.57-0.23%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.910.15%
  • crypto-com-chainCronos(CRO)$0.096952-0.75%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.235210-0.41%
  • mantleMantle(MNT)$0.73-0.91%
  • vechainVeChain(VET)$0.0284270.83%
  • render-tokenRender(RENDER)$4.641.63%
  • ethenaEthena(ENA)$0.3764790.13%
  • usd1World Liberty Financial USD(USD1)$1.00-0.05%
  • algorandAlgorand(ALGO)$0.2238500.93%
  • filecoinFilecoin(FIL)$2.881.83%
  • arbitrumArbitrum(ARB)$0.3937753.20%