Binance On-Chain Chart Flags Further XRP Decline – Is $1.50 The Next Support?
Crypto journalist
Anas Hasan
Crypto journalist
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Binance's Inflow-Value Band chart indicates that XRP may decline further in the coming days.
According to XRP price forecast earnings flow data, the first major support zone is located between $1.82 and $1.87.
But Chain analyst Pellinai sees XRP price retreating further to $1.50–$1.66 if high earnings continue.
XRP supply oversupply demand structure
Pellinay explained that following each high inflow rate on the XRP chart, the price forms a lower high and lower low pattern, which clearly shows the high demand for supply.
“This is because there are no strong new buyers in the market. Even though the whales are not dropping significantly, the continued increase in supply will keep prices down,” she said.
Prior to the approval of the US Spot XRP ETF, Pellinai observed that XRP tokens accumulated by whales were transferred to exchanges and used as sell-side liquidity.
“As a result, the price will face selling pressure whenever it reaches the $1.95 level. It would be unrealistic to expect a significant move before expecting the currency to decline,” she concluded.
XRP price forecast: Weekly chart shows a broken bull structure
XRP's weekly chart shows a clear loss of a bullish structure following its mid-year highs, with the price now trading below its 9-week moving average and posting a series of lower highs.
The $2.30 region has firmly turned into a major resistance zone, and repeated failures to recapture it indicate that bulls no longer command the higher timeframe.
Price is currently hovering above the all-important $2.00 psychological support, a level that has been tested several times in the past, adding to the risk of a breakout.
RSI trends low and sits in the high -30s, indicating continued bearish pressure and lack of strong buying interest.
If XRP misses the $2.00 support at the weekly close, the chart points to a deep recovery towards the $1.50 region.
However, a breakout from current levels is still possible, but any decline below $2.30 would be unlikely unless momentum improves significantly.
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If XRP avoids a breakout below $1.50 and bulls develop confidence to regain the $2.30 level that has now turned into resistance, cryptocurrencies such as Pepenode (PEPENODE) will benefit from capital rotation during a bullish recovery.
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The project is replicating PEPE's success strategy that helped it benefit from the Q4 2024 capital rotation when XRP increased by more than 300% in two months.
Now that many people are investing in Pepenod mining, the value of the token is expected to increase rapidly.
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