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Can XRP price hold $1.45 demand zone as key metric peaks?

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Can XRP price hold the $1.45 demand zone as key metric peaks? - 1

XRP price is testing a critical demand zone near $1.45 as rising on-chain velocity and falling open interest hint at a decisive move ahead.

Summary

  • XRP trades near $1.44 after sharp weekly losses, with sellers still dictating short-term direction.
  • On-chain velocity has surged to yearly highs, suggesting heavy re-positioning as price weakens.
  • A firm hold above $1.45 could spark a short bounce, while a breakdown risks deeper losses.

XRP was trading near $1.44 at press time, down about 10% over the past 24 hours, sliding to its lowest level since November 2024. The token has weakened across all major timeframes, falling 23% over the past week and nearly 40% over the past month.

Price action over the last seven days has remained confined between $1.44 and $1.88, with sellers maintaining control. Even so, market activity has picked up. XRP (XRP) recorded $5.07 billion in trading volume in the past 24 hours, up 25%. This points to heavy participation during the sell-off.

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Derivatives data show a more cautious tone. CoinGlass figures indicate futures volume rose 17% to $7.94 billion, while open interest slipped 1.8% to $2.61 billion. This mix suggests that traders reducing leverage while spot activity rises, a setup that can appear near short-term turning points.

XRP velocity spikes as supply shifts hands

A Feb. 4 analysis by CryptoQuant contributor CryptoOnchain highlighted a sharp move in XRP Ledger activity. The seven-day SMA of XRP velocity climbed to 0.013 on Feb. 3, matching the highest levels seen since January 2025.

In previous cycles, this level has appeared at key moments. During this instance, the velocity increase coincided with a price decline, suggesting rapid coin movement rather than steady accumulation. Such conditions are often linked to older holdings changing hands or aggressive short-term trading during periods of stress.

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According to the analyst, when velocity reaches its upper range while price struggles, it can mark a high-friction phase in the market. Whether this activity marks late-stage selling or the early stages of stabilization depends on how the price reacts around key support.

In a separate note, CryptoOnchain pointed to a sharp drop in XRP open interest on Binance, which has fallen to $405.9 million, the lowest level since November 2024.

A market reset of this size suggests that leverage has been significantly reduced. The probability of more forced sales drops as positions are unwound. This eases the influence of derivatives on short-term price moves.

Under these conditions, if spot demand holds up, any rebound is more likely to develop in a gradual and orderly way.

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XRP price technical analysis

XRP is testing a clearly defined demand zone at $1.45, which has held during prior drops. The token is trading well below its 20-day moving average, placing the price in a stretched position.

XRP has also slipped below the lower Bollinger Band, which points to shrinking volatility. Instead of sellers running out of steam, the price action suggests heavy selling pressure pushing straight into support.

Can XRP price hold the $1.45 demand zone as key metric peaks? - 1
XRP price daily chart. Credit: crypto.news

The relative strength index is in the low-30s, indicating that momentum is weak but getting closer to levels where selling pressure often slows. 

Smaller bodies and longer wicks on recent candles suggest that sellers are meeting more resistance close to the current price. So far, the $1.45 level has not given way on a daily close.

If buyers continue to defend this zone, a short-term bounce toward $1.60–$1.70 becomes possible, driven by oversold conditions and reduced leverage. For the price to stabilize further, XRP would need to reclaim $1.80 and hold it.

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Failure to hold $1.45 would change the picture quickly. A clean break below that level could open the door to deeper losses, as visible support becomes thinner beneath current prices.

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Crypto World

Pi Network Price Predictions for this Week

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pi_network_price_chart_0602261


Let’s have a look at some important PI price targets as the cryptocurrency continues to fall toward new all-time lows.

PI reached a new all-time low at 14.6 cents. Is this the bottom?

PI Network (PI) Price Predictions: Analysis

Key support levels: $0.15

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Key resistance levels: $0.2

PI Downtrend Accelerates

PI closed January with a new all-time low after briefly touching $0.146. Since then, buyers have pushed the price above 15 cents, but this is unlikely to hold if the downtrend continues.

Worst, there is no sign of a possible bottom yet, especially when major market leaders such as BTC and ETH continue to fall.

pi_network_price_chart_0602261
Source: TradingView

Aggressive Selloff since the start of 2026

As soon as the new year started, PI bears intensified their presence on the orderbook with massive sell orders. This led to a sharp 25% crash in mid-January. This pressure appears to continue in February, as can be seen on the chart.

pi_network_price_chart_0602262
Source: TradingView

Daily RSI Extremely Oversold

The daily RSI has been in the oversold region (below 30) since the start of the year, and it has not moved out of it. This is an extremely bearish signal, but it does hint at a possible bounce in the future, since prices rarely remain in extremes for long.

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Should a bounce materialize later, watch the resistance at 20 cents, which could stop any relief rally.

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pi_network_rsi_chart_0602261
Source: TradingView

 

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Bitcoin Sees First $69,000 Dip in 15 Months as ‘Someone Enormous’ Sells

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Bitcoin Sees First $69,000 Dip in 15 Months as 'Someone Enormous' Sells

Bitcoin (BTC) fell below $70,000 on Thursday as suspicions over coordinated selling boiled over.

Key points:

  • Bitcoin tumbles below 2021 highs for the first time since November 2024.

  • Gold and silver volatility spark copycat BTC price maneuvers as lower targets stay in play.

  • Market participants say that large entities are selling BTC on a schedule.

Bitcoin collapses to $69,000 in fresh cascade

Data from TradingView captured new 15-month BTC price lows of $69,100 on Bitstamp during the Asia trading session.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

The latest plunge marked Bitcoin’s first trip to the $60,000 range since early November 2024. In doing so, it sparked $130 million of crypto long liquidations over four hours, per data from monitoring resource CoinGlass

Crypto liquidations (screenshot). Source: CoinGlass

Bitcoin moved in step with a flash reversal on precious metals. 

Gold, which the day prior had seen a relief bounce to $5,100 per ounce, fell as low as $4,789 Thursday before again targeting the $5,000 mark.

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Silver, meanwhile, gyrated between $90 and $73 per ounce as volatility stayed in control.

XAG/USD one-day chart. Source: Cointelegraph/TradingView

“$BTC has entered a key support zone,” trader CW warned in a post on X

“If it fails to support the 69k level, another significant decline could occur.”

BTC/USDT one-day chart. Source: CW/X

Earlier, traders gave various BTC price bottom targets of interest, with these including the area around $50,000. Directly below $69,000, meanwhile, lies the key 200-week exponential moving average (EMA) support trend line.

BTC/USD one-week chart with 200EMA. Source: Cointelegraph/TradingView

Reacting, crypto entrepreneur Alistair Milne agreed with observations from longtime trader Peter Brandt. Bitcoin, the latter argued, was the victim of “campaign selling.”

“Agree with this take. Someone enormous is unloading to a deadline,” Milne responded on X.

The post likened the current sell-side pressure to when the government of Germany distributed its BTC holdings to the market, suggesting that coins were being “handed over to OTC desks who simply execute.” 

“For me it started 14th Jan,” he added.

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Coinbase Premium undercuts Liberation Day low

Nic Puckrin, CEO of crypto education resource Coin Bureau, likewise flagged “large selling” by whales during US hours.

Related: Bitcoin, crypto ‘winter’ soon over, says Bitwise exec as gold retargets $5K

As Cointelegraph reported, the negative Coinbase Premium, which measures the difference in price between Coinbase’s BTC/USD and Binance’s BTC/USDT pairs, highlighted the lack of overall US Bitcoin demand.

“The Coinbase Premium is the lowest it has been in over a year. It’s even lower than post liberation day tariffs,” Puckrin noted.

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He added that selling pressure would continue until the premium changed course.

Coinbase Premium Index. Source: Nic Puckrin/X

Charles Edwards, founder of quantitative Bitcoin and digital asset fund Capriole Investments, said that “OG” whales were behaving as if BTC/USD were at all-time highs.