XRP was trading at $1.33 at press time, down 1.2% over 24 hours and sitting near the bottom of its recent $1.33 to $1.49 seven-day range. The broader picture remains weak. The token is down 10% on the week, 30% over the past month, and nearly 50% over the last year. It has also retraced about 63% from its $3.65 all-time high recorded in July 2025.
Spot trading has increased even as price action stays soft. XRP logged $3.13 billion in 24-hour spot volume, up 40.4% from the previous day. Derivatives activity also picked up, with CoinGlass data showing futures volume rising 38.3% to $5.37 billion. Open interest, though, fell 3.7% to $2.29 billion, pointing to lower leverage rather than aggressive positioning.
Binance leverage cools as crowded trades unwind
A Feb. 23 report from CryptoQuant contributor PelinayPA said XRP’s Estimated Leverage Ratio has dropped sharply to around 0.16, while both the 30-day and 50-day moving averages continue to trend lower. That matters because Binance remains the main venue for XRP derivatives, so changes there often reflect broader risk appetite across the market.
The drop in leverage suggests speculative excess has faded. Neither longs nor shorts appear heavily crowded, and much of the forced liquidation pressure seems to have already passed. Price has kept drifting lower while leverage has been reset, a combination that reduces the risk of liquidation cascades. For now, XRP is still trading in a low-volatility, low-leverage range often described as a dead zone.
$1.30 support and $1.50 resistance define the next move
On the daily chart, XRP is still printing lower highs and lower lows, though downside momentum has started to ease. Immediate support sits near $1.30, a level that has held several times. On the upside, $1.41 is the first resistance, while the more important barrier lies in the $1.50 to $1.53 area, where the 30-day and 50-day moving averages are clustered and still sloping down.
Momentum indicators remain cautious. RSI is close to oversold territory near 35, and MACD is still bearish, although the shrinking histogram points to cooling selling pressure. Bollinger Bands are tightening, signaling lower volatility and the potential for a sharper move once price breaks out of the current range. A push above $1.50 to $1.53 on stronger volume could shift momentum toward $1.60. If XRP fails to reclaim resistance and closes below $1.30 on the daily chart, the next downside area may come in around $1.20.