XRP Price Forecast: Ripple’s Open Interest Sheds $520M as XRP/ETH Hits One-Month Low

Quick Summary:

Ripple (XRP) price is under bearish pressure after shedding more than 8% of its value in the past week and recording the biggest seven-day loss among the top-ten largest cryptos by market cap.

Nevertheless, the level of leverage remains notably high, with more than 75% of Binance traders opening long positions, causing the long/short ratio to reach its highest level in a month.

If Ripple drops to test the support level at $1.79, it may drive the next upward momentum that will aid a break of the critical $2.10 resistance level.

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Article Details

Author / Journalist: muthoni

Category: Crypto

Markets: IndiaPakistan

Topics: Price Analysis Ripple XRP

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 14:13:07 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 509 words

Reading Time: 3 minutes read

Sentences: 39 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 28440072

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Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 8 hours ago

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