Important Notice!! Important Notice!!!

Since the retest of the psychological support level of $2 on December 20, XRP has been hovering between $2.4 and $2.13 over the past week. Is it preparing to rebound again? Can it break through to a new high? Those holding XRP must read the entire article.

From the HTF structure, XRP is still bullish, but if the price cannot recover to $2.3, it is likely to continue to decline. Currently, XRP has not yet exited the risk zone.

With BTC’s pullback and the market weakening, XRP’s open interest has decreased by 54% in three weeks.

Although XRP has attracted attention in the spot market, its futures market presents a different picture. According to CoinGlass data, its open interest dropped from $4.23 billion on December 3 to $1.95 billion on December 26, a decline of 54%. Such a significant drop during the holiday period indicates that liquidity in the XRP futures market is decreasing, which could be a double-edged sword. With crypto assets at critical levels, prices may be more unstable than expected.

From a technical perspective, the formation of a symmetrical triangle reinforces the above argument. As observed on the 1-day chart, once volatility begins, XRP’s price is likely to either break out or collapse, with liquidity levels observed on both sides (upward and downward). The symmetrical triangle presents an equal probability of bullish or bearish outcomes.

Therefore, consistent with previous analyses, if there is a quick rebound above $2.30, it may trigger volatility towards the pattern high of $2.95. However, if support is not maintained, it could lead to a new volatility low of $1.85, which had previously occurred on December 1.