XRP has reached an important point where spot market activity has crashed while traders continue to increase their positions in the derivatives market. This comes during a broader downtrend that has erased about 70% of XRP's value since it reached its all-time high of $3.66 in July 2025.
XRP remains under pressure, but new data from the derivatives market suggests selling pressure has eased. CryptoQuant analyst Pelinay recently said several Binance indicators now show that XRP has moved into a neutral market structure even as the broader downtrend continues.
The number of daily payments on the XRP Ledger (XRPL) has now crashed 80% from the May 2026 highs of over 1.69 million. This comes amid the ongoing market-wide downtrend that has dealt a blow to investor sentiment.
XRP has continued to trade within a falling channel since dropping from the $3.6 peak, with the structure now mapping a path above $3. Notably, for almost a year, the token has formed a pattern of lower highs and lower lows while staying between two downward-sloping parallel trend lines.
XRP is showing deleveraging signs that resemble the conditions before its sharp rally in late 2024. Recent market data shows a decline in speculative trading, with Binance's estimated leverage ratio (ELR) dropping to 0.16, one of its lowest readings since November 2024.
XRP has entered the fifth and final stage of a multi-wave Elliott Wave pattern that started in late June, currently pointing to several short-term price targets. Specifically, the pattern places the first target at $1.23062, while a stronger rally could push the price as high as $1.40.
XRP has entered the same macro buy warning zone as Bitcoin, a development that marks the beginning of major multi-year accumulation windows. This rare signal has often appeared near the start of multi-year accumulation periods, and this has led many market participants to believe the current phase could present an attractive entry point if the market follows its historical cycle.
Ayo Akinyele, Head of Engineering at RippleX, recently explained what Ripple is now focusing on as it continues expanding the XRP Ledger (XRPL). He shared this during the latest episode of RippleX's Onchain Economy, where he discussed how blockchain is changing financial infrastructure and what comes next for the XRPL ecosystem.
XRP is getting close to the entry zone of a potential bullish Gartley harmonic pattern, which could mark the end of the ongoing correction. Currently, XRP changes hands at $1.0685, and the entry zone also aligns with a long-established demand area between $1.02 and $1.0448.
Market data indicates that XRP takes about 1,400 days to reach a new cycle peak. XRP has been in a correction phase for the past 12 months since reaching its cycle high of $3.6 in July 2025.
XRP is showing signs of growing pressure as new Binance derivatives data points to a market that may not have finished its correction. While the token continues to trade above the important support level at $1, several key derivatives indicators suggest traders should remain cautious.
The XRP Ledger has entered a period of noticeably weaker on-chain activity, as key network metrics fall to some of their lowest levels this year. Data from Santiment shows that daily active addresses recently dropped to 25,350, marking the second-lowest level recorded this year.
While XRP has suffered significant losses this year, chart data indicates that a recovery toward new highs is not completely impossible. XRP has remained under pressure in recent weeks, slipping to around $1.10 after posting a weekly loss of just over 5%.
XRP has entered one of the most important stages on its weekly chart, placing it at an inflection point that could determine its next major move. XRP is currently trading at around $1.1063 after reaching a weekly high of $1.1638 before pulling back.
XRP has recorded a slump in its Volume Z-Score on Binance as Open Interest declines to a 3-month low amid the ongoing downtrend. XRP remains under pressure as the broader crypto market continues to trend lower.
XRP must hold above a critical support level to keep its short-term uptrend alive and have a chance at recovering above $1.29. XRP continues to hold up well on the 4-hour chart, even after giving back a small part of its recent gains.
Chart data identifies an area that may represent the most reasonable zone for XRP to find its bottom in the ongoing bear market cycle. The current downtrend has continued to weaken investor sentiment, as XRP records some of its biggest losses in recent times.
A filing with the U.S. Securities and Exchange Commission (SEC) shows that Made In USA Inc.
A recent XRP trading strategy presents a tiered take-profit plan, showing how much investors could consider selling at different price levels up to a $7 peak. The bear market has persisted into its tenth month, and XRP has not escaped the onslaught.
XRP may now be looking to complete the same multi-year trendline retest pattern that previously led to a more than 60,000% surge in 2017. The market has not been favorable to XRP since the downtrend began in Q4 2025.
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