Key facts: Ripple reaffirms XRP commitment; XRP struggles below $1.90 — TradingView News
- Ripple has reaffirmed its commitment to XRP and the XRP Ledger (XRPL), with discussions about XRPL taking place with every exchange, and many platforms promising to support XRPL.1
- XRP is below $1.90, about 25% under its 200-day average of $2.54. It faces resistance at the 50-day average and shows a trend of lower highs and lows since October.2
- XRP’s open interest dropped from over $3.5 billion to under $2 billion, showing traders exited leveraged positions, easing market pressure and allowing long-term holders to accumulate XRP.3
