XRP Plunges Below Major Moving Averages Amid Derivatives Downturn

XRP's price has fallen 1.56% to $1.13, trading below its major exponential moving averages as derivatives activity and retail participation decline.

The cryptocurrency is now positioned below its 50-day, 100-day, and 200-day exponential moving averages at $1.18, $1.29, and $1.50 respectively, a bearish trend structure.

The weakness in XRP reflects both asset-specific deleveraging and a wider rotation out of altcoins as global yields rise and risk appetite wanes.

Despite the technical deterioration, XRP-focused exchange-traded funds have recorded eight consecutive weeks of net inflows totalling approximately $1.47 billion.