XRP trades near $1 after slipping from the $1.023 level, and Futures CVD sits deeply negative at around -5.685 billion, pointing to persistent selling in the futures market. Yet active addresses have climbed to a multi-month high even as sentiment turns more negative, leaving traders watching whether $1.023 becomes the trigger for a reversal.
The token is trading around $1, holding the psychological level after slipping from $1.023. The Futures CVD indicator sits deeply negative at around -5.685 billion and continues to trend lower, a sign that aggressive selling in futures markets persists rather than the decline stemming from weak participation.
Active Addresses Climb as Sentiment Sours
Negative commentary around XRP has climbed to a three-month high, according to Santiment data, as traders grow more cautious about the token's next move. However, active addresses have surged to nearly 49,929 in 24 hours, a multi-month high that suggests network activity remains elevated despite the darkening mood. The combination of rising negative sentiment and increasing active addresses creates a mixed picture that leaves the next move uncertain.
Open Interest Stays High While Bears Hold $1.023
Open interest reflects how much capital remains tied up in XRP futures positions. That figure stands at around $996 million, showing a significant amount of capital still committed to the market. The funding rate is currently positive at around 0.0030, meaning long positions are paying short positions — a sign that some traders still hold bullish exposure despite the bearish price action. A sustained recovery above $1.023 would help improve the market structure, while continued rejection below it would suggest sellers remain in control.
What It Would Take for a Reversal
For a reversal to gain strength, XRP needs to reclaim $1.023 and hold above it, alongside a higher low and an improving CVD. If momentum builds, XRP could then target the $1.17-$1.18 resistance zone. But continued rejection below $1.023, together with further CVD declines, would keep the bearish scenario intact.
Source: Coinpedia Fintech News
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