XRP’s $1.2 Breakdown Risk

XRP trades trapped between Supertrend resistance at $1.5890 and support near $1.20. 

All four EMAs remain bearishly stacked above price, with the 20 EMA at $1.4285, 50 at $1.5068, 100 at $1.6978, and 200 at $1.9518. Price hasn’t traded above the 200 EMA since October 2025.

Open interest sits at $2.79 billion, dramatically lower than the $10-$11 billion peak during January 2026 euphoria. 

The decline in open interest alongside falling price reflects long-side capitulation and deleveraging, not fresh short conviction.

The long-short ratio on Binance accounts stands at 2.48, with top traders leaning long at 2.78. 

This heavily one-sided positioning in a downtrend…

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