Selling pressure weakens, XRP remains stable: A signal for a breakout to 2.8 USD?

Technical signals indicate that the downtrend of XRP is gradually slowing down, although the bears still hold a certain advantage. The Taker Buy/Sell Ratio still leans towards the selling side, but selling pressure is weakening. Along with that, the open contract (OI) remains stable and the higher low pattern indicates that the market is entering a phase of rebalancing — instead of plummeting and getting carried away.

Selling pressure weakens

The Taker Buy/Sell Ratio of XRP is currently hovering around 0.96, indicating that the bears are still in control. However, the downward pressure has clearly eased.

Source: CryptoQuantEven when this ratio occasionally dips below the 0.9 threshold, it quickly rebounds — a sign that the sell pressure is gradually weakening and the market is starting to stabilize.

Open contracts hold steady, funding rate turns negative

The total open contracts of XRP have remained stable around the threshold of 1.26 billion USD throughout the past week, indicating that no significant leveraged capital has been injected, despite considerable price fluctuations. This trend reflects the cautious sentiment of traders: they mainly maintain their existing positions rather than opening new buy or sell orders.

Source: CoinalyzeAt the same time, the average funding rate fell to -0.048%, meaning that Short positions are paying fees to Longs — a sign that pessimism is spreading across the derivatives market. However, the fact that OI has not dropped significantly suggests that XRP is in an accumulation phase rather than in panic. In other words, while investors remain cautious, they have not exited the game.

Cautious recovery

The recent price action of XRP is sending out the first signals of recovery, as this token holds steady around the 2.46 USD mark after setting a higher low.

The RSI indicator has risen to 40.8, indicating that the selling momentum is weakening, although it has not yet been able to surpass the neutral threshold of 50.

Source: TradingViewAt the same time, the DMI indicator recorded the distance between the +DI (11.82) and -DI (36.02) narrowing, reflecting that the bears are gradually getting carried away, although trading volume remains modest.

If XRP can maintain its upward momentum above 2.45 USD and the RSI exceeds 45, the market is likely to witness a short-term bounce, paving the way for the price to move towards the 2.7–2.8 USD range.

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