XRP price prediction: Bearish momentum deepens and $2.20 support comes into focus

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XRP slides to $2.26

Highlights

- XRP drops to $2.26 as selling pressure intensifies near key support.

- Derivatives data shows leverage unwind and falling open interest.

- A reclaim above $2.60 needed to restore short-term bullish sentiment.

Despite brief inflow spikes over the weekend, XRP continues to face stiff resistance, reflecting limited conviction among buyers.

Technical structure weakens as support zone tested

The daily chart shows XRP trapped within a clear descending trendline that has capped rallies since mid-August. Every rebound toward $2.70–$2.90 has been met with heavy selling, keeping price action below all major exponential moving averages (EMAs). The 20-day EMA near $2.49 and the 50-day EMA around $2.62 have repeatedly acted as resistance, while the 100-day EMA at $2.69 marks the broader bearish boundary.

XRP price dynamics (Source: TradingView)

Currently, the token hovers near the lower Bollinger Band, signaling oversold conditions but also subdued momentum. Bulls are trying to defend the $2.23–$2.25 zone, aligned with the September swing low and the lower band. A daily close below this area could confirm a breakdown toward $2, with $1.85 serving as the next significant support level. For any meaningful upside, XRP must reclaim $2.60 and break the descending trendline near $2.70, which would neutralize the current bearish setup.

The Relative Strength Index (RSI) remains below 40, showing weak momentum, while price compression within the descending structure points to a potential volatility breakout in the sessions ahead—most likely dictated by broader market sentiment rather than token-specific catalysts.

On-chain and derivatives data reflect cautious tone

Coinglass data shows that XRP’s net flow on November 4 turned slightly positive at $13 million, but broader weekly flows remain negative. Persistent spot outflows since mid-October have outweighed short-lived accumulation phases, suggesting traders are using rebounds as exit points rather than opportunities to build new positions.

The derivatives market paints a similar picture of caution. Futures open interest fell by more than 16% to $3.5 billion, signaling that traders are closing positions instead of adding new leverage. Although trading volume surged 63%, the increase stemmed largely from short-term rotations, not fresh directional conviction. Options activity fell by 43%, underlining the decline in speculative participation. The aggregate long/short ratio across exchanges remains below 1.0, showing a modest bearish tilt even after recent price corrections.

Funding data indicates that leverage remains muted, with the average long/short ratio on Binance and OKX below parity. Long liquidations have slowed, but the absence of aggressive short covering means there is little sign of a bullish reversal yet.

Outlook: $2.20 remains critical for bulls to defend

In the near term, XRP’s trajectory hinges on whether buyers can hold the $2.23–$2.25 region. A successful defense could spark a corrective bounce toward $2.45–$2.60, while failure to maintain support may trigger a deeper slide toward the psychological $2 mark. Broader crypto sentiment—particularly Bitcoin’s stability near $104,000 and flows across altcoin markets—will likely influence XRP’s next move.

Despite short-term weakness, the longer-term structure remains tied to macro liquidity and institutional inflows. Historically, periods of extended consolidation near support have preceded sharp recoveries, but the absence of renewed inflows makes a near-term rebound uncertain. Until price reclaims the $2.60 zone decisively, the trend remains tilted to the downside.

In essence, XRP is caught in a fragile balance between exhaustion and capitulation. The next sessions will determine whether bulls can stabilize sentiment or whether sellers will push the market into a deeper correction phase. For now, caution prevails as traders await confirmation of a durable base near $2.20.

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