XRP drops 5.64% to $1.49 as long positions remain elevated

  • XRP retraced from $1.65 to approximately $1.49 after its latest advance.
  • 5.64%: XRP declined over 24 hours, with volume near $8.33 billion.
  • September 21: XRP rose from roughly $1.38 before reaching the $1.64-$1.65 region.

XRP fell 5.64% over 24 hours to approximately $1.49 after retreating from a recent advance that reached the $1.64-$1.65 area. CoinMarketCap showed a daily range of $1.49 to $1.65, trading volume near $8.33 billion and market capitalization of about $93.74 billion. On the 15-minute XRP/USD chart, the token rose from roughly $1.38 on September 21 through $1.50 and $1.56 before reaching its recent peak, then dropped below the high-volume $1.56 region and the $1.54 area. Immediate support is centered around $1.48-$1.50, with another significant volume zone at $1.39-$1.41 and a lower anchor band near $1.35. A recovery would face initial resistance at $1.54-$1.56, followed by $1.59-$1.60 and $1.64-$1.65. Large red 15-minute candles and expanded volume indicate stronger selling during the decline, although a lower wick near $1.48 showed buying activity. Binance's latest four-hour account data showed about 70% of top-trader accounts long and 30% short, producing a long/short ratio of around 2.65. Position-based data showed a similar ratio of approximately 2.6. Despite the pullback, XRP remained roughly 15% above its approximately $1.30 level on September 17.

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XRP drops 5.64% to $1.49 as long positions remain elevated - CoinPost Terminal