XRP Faces Prolonged Pressure Near Support
XRP has slipped nearly 20% in the last 45 days, pushing the altcoin closer to its critical $2.70 support zone. The decline has left the token consolidating inside a descending triangle formation, a technical structure often associated with bearish continuation. Traders are watching this level closely, as any decisive break could shift momentum even further downward.
Despite the ongoing weakness, the consolidation suggests that XRP is approaching a decision point. While risks remain, certain technical and onchain metrics indicate that the worst of the correction may already be behind the asset.
Futures Market Shows Leverage Reset
XRP futures data reveals that speculative activity has cooled significantly. Open interest dropped from $11 billion to $7.5 billion during the same 45-day period, signaling that many leveraged traders have already exited their positions.
The estimated leverage ratio on Binance has also reset to its yearly average. This reset implies that traders are no longer heavily overleveraged, reducing the chances of cascading liquidations. With excessive leverage cleared, the market appears more stable, laying the groundwork for a potential rebound.
Early Signs of Accumulation Emerging
Onchain signals are beginning to point toward renewed accumulation. Net taker volume has moved closer to neutral levels, reflecting a more balanced market dynamic between buyers and sellers. At the same time, aggregated spot cumulative volume delta (CVD) has begun trending upward, hinting at the return of steady buying interest.
These changes suggest that large holders may already be accumulating XRP quietly, positioning themselves ahead of a possible reversal. For long-term investors, such signs are encouraging despite the short-term volatility.
Recommended Article: XRP Could Hit $50 by December 2025 if ETF Approvals Align
Futures Positioning and Funding Rates Normalize
In addition to onchain improvements, futures positioning has become more constructive. Aggregated futures CVD has steadily declined, while funding rates have normalized to levels last seen in earlier quarters.
This normalization indicates that the market is no longer dominated by one-sided speculative bets. With crowded positions cleared out, XRP now has more room to move freely without being constrained by extreme leverage dynamics.
Chart Confluence Signals Potential Rebound
Technical charts provide further evidence that XRP may be nearing a bottom. The $2.35 to $2.65 range forms a daily and weekly fair value gap, a zone where price could stabilize before resuming upward momentum.
This zone also aligns with the 0.5 to 0.618 Fibonacci retracement levels, creating a strong technical confluence. Historically, such overlaps often act as reliable reversal areas, reinforcing the case for a rebound if XRP dips into this range.
Fractal Patterns and Bullish Outlooks
Cointelegraph analysts have highlighted similarities between the current XRP market structure and earlier fractal patterns. In Q1, a similar setup preceded a sharp breakout, suggesting history could repeat itself in Q4.
Crypto trader Javon Marks also remains bullish, pointing to XRP’s ability to hold above the $2.47 level. He notes that as long as this level holds, XRP could rally by more than 66%, targeting a move toward $4.80 before year-end.
Downtrend Nearing Its End?
Although XRP remains stuck in a downtrend, multiple data points point to a potential reversal. The combination of a leverage reset, early signs of accumulation, normalized futures positioning, and technical chart confluence suggests that XRP could stage a significant rebound.
If the bullish fractal pattern plays out once again, XRP may not only recover but also rally up to 85%, testing new highs near $4.80. For now, the key remains holding the $2.70 and $2.47 support zones, which could determine whether Q4 becomes a breakout season for the altcoin.
