The crypto market saw a brief dip. But XRP is trying to recover.
After falling near $1.38, XRP has bounced back. It is now trading around $1.422. The move looks positive on the surface. But the deeper signals are mixed.
XRP price recovery comes as demand weakens
XRP is up about 1% in the last 24 hours. This comes after a broader market drop where Bitcoin slipped below $69000 and Ethereum fell near $2000.
Despite the recovery, demand for XRP is slowing.
Data shows that futures Open Interest has dropped to $2.53 billion. Just a week ago, it was $2.87 billion. This decline signals reduced activity from traders.
Retail interest is also far below past highs. At its peak, Open Interest touched $10.94 billion. That was when XRP reached its all time high of $3.66. Only one fund, from Bitwise, saw inflows recently. Others remained quiet. Over the past five days, there were only two days of inflows.
This shows that both retail and institutional players are cautious right now.
XRP technical analysis shows key resistance near 1.51 level
From a chart perspective, XRP is in a mixed zone.
The short term outlook looks slightly positive. But overall momentum is still weak.
The $1.36 level is acting as strong support. Buyers stepped in here during the recent dip. This is keeping the price stable for now. On the upside, resistance starts around $1.49. This is where key moving averages are sitting.
Another important level is $1.51. This zone could act as a barrier in the near term.
If XRP breaks above these levels, it could move toward $1.67. And later even test $1.92. If XRP falls below $1.36, the next support is around $1.25. That would signal a deeper correction.
For now, XRP is stuck between weak demand and technical support.