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via BeInCrypto · By Ananda Banerjee

XRP Exchange Outflows Surge 300%. Is It Enough to Save the Chart?

XRP

XRP/USDT

$1.4163

+0.58%

$1.4163

+0.58%

(24s)

24h Volume

$1,195,430,155.77

24h H/L

$1.4327 / $1.4012

Change: $0.0315 (2.25%)

Long/Short

74.1%

Long: 74.1%Short: 25.9%

Funding Rate

+0.0020%

Longs pay

Data provided by COINOTAG DATALive data

Ripple

Daily

$1.4175

▲ 0.37%

Volume (24h): -

Resistance Levels

Resistance 3$1.6185

Resistance 2$1.5472

Resistance 1$1.4461

Price$1.4175

Support 1$1.3872

Support 2$1.3098

Support 3$1.1934

Pivot (PP):$1.4114

Trend:Sideways

RSI (14):61.6

Ananda Banerjee

(04:53 PM UTC)

1 min read

Verified byEmily Watson

0 comments

XRP price faces a bearish head and shoulders pattern that risks an 18% drop below $1. Yet, exchange outflows have surged over 300% since mid-May. Plus, open interest dropped, and long leverage hit multi-week lows.

The surging buying pressure could keep XRP range-bound for now, but a move below the neckline confirms the breakdown scenario.

Bearish Head and Shoulders Pattern Risks an 18%…

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Ananda Banerjee · BeInCrypto

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