XRP Price Prediction: XRP Could Dip Below $2 with Derivatives Data Flashing Bearish Signal

XRP is currently trading near $2.13, having lost over 3% in recent sessions as technical breakdowns and weakening derivatives data hint at deeper market unease.

Derivatives Market Suggests Continued Weakness for XRP

According to CoinGlass, XRP futures open interest (OI) slipped nearly 3% to $3.91 billion in the past 24 hours. At the same time, trading volume dropped 14% to $3.53 billion. The decline in both metrics signals a significant drop in speculative interest, raising concerns over the sustainability of recent price levels.

XRP Futures Open Interest (USD) chart. Source: CoinGlass

“The falling open interest and trading volume indicate that traders are stepping back, which weakens the momentum and increases the chance of further price declines,” said one analyst tracking the XRP market.

Long Traders Take the Hit as Liquidations Mount

The decline in XRP price has sparked widespread liquidations among long traders. Data shows over $4.45 million worth of long positions were wiped out in the past day, far outweighing the $294,000 in shorts closed. With the long-to-short ratio now at 0.9275, bears are firmly in control, and sentiment favors further downside unless market conditions shift.

XRP was trading at around $2.128, down 2.75% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

This aligns with the current structure of XRP’s trading chart, which shows the token slipping beneath key support levels. XRP recently broke below its 200-period exponential moving average (EMA) on the 4-hour chart—now sitting at $2.27—along with the 100-EMA and 50-EMA at $2.25 and $2.22, respectively.

The Moving Average Convergence Divergence (MACD) also confirmed a bearish crossover, with the blue line slipping below the red signal line. The expanding red histogram bars under the mean further support the notion of rising selling pressure.

XRP Faces Hefty Resistance Amid Broader Market Weakness

XRP’s current trajectory mirrors broader volatility across the crypto landscape. The Ripple currency price has shed nearly 9.11% in the past week, while its market cap has dropped by approximately $6 billion, reflecting a growing disconnect between buyer interest and market sentiment.

XRP shows bearish signs with repeated $2.30 rejections and a breakdown below $2.15, risking a drop toward $2.00–$1.95. Source: dennishrndz on TradingView

Technical analysts have highlighted $2.265 to $2.270 as a key resistance zone, which XRP has repeatedly failed to breach. Any short-term recovery attempts are likely to face headwinds at this level, especially as selling volume remains elevated.

“With XRP hovering below crucial moving averages and volume indicators turning negative, bulls will struggle to reclaim momentum unless there’s a strong catalyst,” noted a trader from a major crypto exchange.

Ripple’s Broader Vision and Ongoing Developments

While XRP’s price faces short-term downside risk, Ripple continues to push forward on the fundamental front. The company recently launched its own stablecoin, RLUSD, and acquired institutional trading platform Hidden Road—moves intended to strengthen its infrastructure for cross-border payments and deepen integration with traditional finance.

In parallel, Ripple is collaborating with regulators in the UAE on tokenized real estate initiatives and has expanded its global reach through various partnerships. Meanwhile, China-based Webus has filed with the U.S. Securities and Exchange Commission (SEC) to raise $300 million, with a significant portion reportedly allocated toward building an XRP strategic reserve.

These moves highlight Ripple’s commitment to advancing the utility of its token beyond speculative trading, a key distinction as the company continues navigating its high-profile legal battle with the SEC.

XRP Lawsuit Update: Regulatory Pressure Still a Factor

The XRP lawsuit with the SEC remains a persistent cloud over investor confidence. While Ripple CEO Brad Garlinghouse has reiterated the company’s stance that XRP is not a security, the final ruling in the case remains pending. Recent XRP lawsuit news suggests that the next phase could heavily influence XRP’s market structure and compliance standing in the U.S.

XRP lawyer Bill Morgan sees a possible breakthrough in the SEC case by June 16, with some expecting a resolution as early as June 13. Source: CryptoCoinShow via X

The uncertainty stemming from the Ripple lawsuit and broader regulatory environment continues to affect how institutional investors view Ripple crypto assets. Any significant progress or resolution in the XRP SEC lawsuits could quickly shift market sentiment, making regulatory clarity one of the key catalysts to watch.

Final Thoughts: Bearish Pressure Builds, But All Eyes on Support

As XRP trades within the $2.10–$2.15 support zone, the risk of breaking below $2 is growing. The combination of declining derivatives interest, long liquidations, and technical resistance provides a cautious near-term view. That being said, with Ripple’s long-term game plan shifting and the potential for trend reversal signals on lower timeframes, traders are waiting eagerly for upcoming catalysts.

In the meantime, XRP price models remain bearish-biased unless buying volume resumes or market sentiment improves overall. Short of that, traders and investors may do well to brace for more volatility—especially if $2 doesn’t hold.

Continue watching Ripple XRP news, as both technical and regulatory developments continue to impact the future of this top digital asset.