XRP has dropped nearly 25% over the past month, and its recent bounce did not hold. The token briefly recovered some ground over the last week, but the move faded after XRP slipped back below $1.5. At the time referenced in the source report, it was still 38% below its yearly high.
The decline came during a broader crypto pullback. Bitcoin’s break below several key support levels weighed on the market, while macro pressures and geopolitical tensions kept risk appetite restrained. XRP was part of that wider retreat rather than an isolated case.
Daily chart keeps XRP under major moving averages
On the daily timeframe, XRP remains below its 50-day, 100-day, and 200-day moving averages. That setup points to a weakening technical structure. A shorter-term signal also turned negative, with the 20-day moving average crossing below the 50-day moving average, suggesting that downside pressure is still active.
Money flow data adds to that picture. The report noted that the Chaikin Money Flow index was still in negative territory, a sign that distribution was exceeding accumulation. In practical terms, that can indicate limited buying interest from larger holders. There is still a chart pattern that leaves room for a reversal, but current technical signals lean bearish.
Broadening wedge offers a bullish setup, but not yet a turnaround
XRP is also described as trading inside a descending broadening wedge, a pattern formed by two downward-sloping and diverging trendlines. Traders often treat that structure as a possible precursor to a bullish reversal. Even so, pattern potential alone has not been enough to offset the weaker trend signals now visible across the chart.
Under these conditions, the source article said XRP could fall toward $1.17, where price would meet the lower boundary of that formation before any meaningful recovery attempt. From current levels, that would imply a decline of roughly 25%.
Open interest drops to $2.46 billion
Derivatives positioning also shows traders cutting exposure. According to CoinGlass data cited in the report, XRP futures open interest fell 2.6% over the past day to $2.46 billion. That is nearly half of the $4.55 billion seen in early January.
Lower open interest can reflect weaker speculative participation and thinner liquidity. If demand for XRP continues to soften, that setup can leave price moves more sensitive and more volatile. For now, XRP remains under pressure, with technical recovery still requiring a move back above key averages and firmer participation across the market.