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XRP News: XRP Teases Breakout as Deleveraging Signals Appear on Binance

Key Insights

  • XRP news highlights a TD Sequential buy signal on the three-day chart, following three earlier signals linked to rebounds of 31%, 24%, and 18%.
  • Binance XRP open interest has fallen nearly 28% since September 22 to $445 million, below its 180-day average of about $460 million.
  • Ripple coin could target $1.40 if it holds $1.25, while a break below support could put $0.98 in focus.

XRP news is drawing attention after a buy signal appeared on the three-day chart, while Binance open interest fell 28%. The Ripple coin now faces a key $1.25 level that could shape its next move.

XRP News: The Price Faces Key $1.25 Support Level

XRP price is at a point where traders are watching whether it can hold a key support level. According to Ali Charts, the TD Sequential indicator has flashed a buy signal on the three-day XRP chart. The signal has appeared before similar rebounds. Ali Charts noted that the last three comparable signals were followed by gains of 31%, 24%, and 18%.

However, these past moves do not guarantee another rally. The next direction may depend on whether XRP can remain above $1.25. If buyers defend this level, the Ripple coin could rebound toward $1.40. That would put the price back on a stronger path after its recent decline.

XRP News - Source: Ali Martinez (X)
XRP News – Source: Ali Martinez (X)

On the other hand, a break below $1.25 could weaken the outlook. Ali Charts warned that XRP could fall toward $0.98 if support fails, while large holders continue to take profits. This leaves traders with two levels to watch. The $1.25 mark is the key support, while $1.40 is the possible recovery target if buyers regain control.

The latest XRP news therefore points to a possible rebound, but the chart signal alone does not confirm that a recovery has started.

XRP News Shows Binance Open Interest Falling 28%

Another important development comes from the derivatives market. Crypto analyst Darkfost reported that XRP open interest on Binance had dropped to $445 million. This figure is below its 180-day average of roughly $460 million. It also marks a decline of nearly 28% since September 22.

Over the same period, the XRP price fell by 17%. Darkfost explained that the drop in open interest partly reflects the falling market price. As XRP loses value, the worth of existing derivatives positions also declines. Liquidations during the sell-off have added to the reduction.

Open interest measures the value of outstanding derivatives contracts. A fall in this figure can indicate that traders are closing positions or being forced out of the market. Darkfost described the change as a positive sign, suggesting that pressure from leveraged positions may be easing. Lower leverage can reduce the risk of further forced liquidations, although it does not guarantee that prices will rise.

For XRP, this change offers another factor to consider alongside the three-day chart signal. The decline in open interest suggests that some of the pressure in the futures market may be clearing. Still, traders will need to watch whether XRP stabilizes around its key price levels before treating the shift as evidence of a lasting recovery.

Ripple Coin Could Follow Earlier Rebound Patterns

Darkfost also pointed to two previous periods in which falling XRP open interest preceded strong price gains. In mid-September, a similar episode was followed by a 32% rally. An earlier event in mid-August preceded a 72% rise.

These examples support the analyst’s view that reduced leverage can help create conditions for a rebound. However, they do not establish that the current market will follow the same pattern.

The latest XRP news also includes a wider market view from Crypto Dan, who said Bitcoin may still be in the early stages of a bullish cycle. The analyst based this view on the behavior of Bitcoin held for more than 18 months.

That outlook is separate from the XRP indicators and does not confirm a recovery for the Ripple coin. Nevertheless, it provides context for traders watching the wider crypto market. For now, XRP faces a clear test. Holding $1.25 could leave room for a move toward $1.40, while losing that level could expose the $0.98 area.

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Godfrey Benjamin
Godfrey Benjaminhttps://www.thecoinrepublic.com/
Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey's articles has been featured on Blockchain.news, Cryptonews and Coingape, among others.