{"id":65151,"date":"2025-12-21T22:56:21","date_gmt":"2025-12-21T22:56:21","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/xrp-retests-the-1-77-support-amid-waning-retail-demand\/"},"modified":"2025-12-21T22:56:21","modified_gmt":"2025-12-21T22:56:21","slug":"xrp-retests-the-1-77-support-amid-waning-retail-demand","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/xrp-retests-the-1-77-support-amid-waning-retail-demand\/","title":{"rendered":"XRP retests the $1.77 support amid waning retail demand"},"content":{"rendered":"

(Originally posted on : XRP News, Latest Stories & Analysis | Invezz )<\/b>
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The cryptocurrency market has continued its bearish performance this week, with over $50 billion wiped out from the market in the last 24 hours. <\/p>\n

The total cryptocurrency market cap dropped from $2.92 trillion on Thursday and now stands at $2.87 trillion.<\/p>\n

The bearish performance saw Bitcoin briefly drop below $84k, but it is now trading above $85k again. <\/p>\n

Meanwhile, altcoins like XRP recorded bigger losses, retesting key support levels.\u00a0<\/p>\n

XRP retests $1.77 support as retail demand narrows<\/h2>\n


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XRP is down 4% in the last 24 hours, making it the worst performer among the top 10 cryptocurrencies by market cap. <\/p>\n

The bearish performance comes amid waning retail demand for the cryptocurrency.<\/p>\n

CoinGlass data<\/a> shows futures Open Interest (OI) at $3.22 billion, down from the $3.31 billion recorded on Thursday and $3.52 billion on Wednesday.\u00a0<\/p>\n

XRP\u2019s OI has significantly declined since the October 10 flash crash and has failed to recover. <\/p>\n

The OI is fluctuating between $3 billion and $4 billion, down from the $8.3 billion recorded before October 10.\u00a0<\/p>\n

The declining OI emphasizes the prevailing low retail interest and demand. <\/p>\n

For XRP to reclaim the $2.0 mark and rally higher, a sustained uptick in the OI is needed in the near term.\u00a0<\/p>\n

However, the current price action hasn\u2019t affected institutional demand for XRP products. <\/p>\n

XRP spot Exchange Traded Funds (ETFs) in the United States have recorded massive inflows over the past five weeks.<\/p>\n

XRP ETFs recorded approximately $18 million in inflows on Wednesday, a significant increase from the $8.5 million posted on Tuesday. <\/p>\n

Thanks to this latest addition, the net inflow now stands at $1.03 billion, with net assets at $1.14 billion.\u00a0<\/p>\n

XRP is still under pressure as the bearish trend persists<\/h2>\n


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The XRP\/USD 4-hour chart is bearish thanks to the coin losing 4% of its value in the last 24 hours. <\/p>\n

XRP is now trading above $1.81 per coin after retesting the $1.77 support level a few hours ago.\u00a0<\/p>\n

The technical outlook remains bearish despite the $1.77 support level holding. <\/p>\n

The Moving Average Convergence Divergence (MACD) indicator on the 4-hour chart maintains the sell signal flashed earlier this week. <\/p>\n

Thus, encourages investors to reduce exposure to the market.\u00a0<\/p>\n

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The Relative Strength Index (RSI) on the same chart stands at 35 and could enter the oversold region if the bearish trend persists. <\/p>\n

The poor RSI could see XRP drop lower and retest April\u2019s low of $1.61. The next support level stands at $1.45.\u00a0<\/p>\n

However, the immediate support at $1.77 could work as a shield against further selling, prompting investors to increase exposure. <\/p>\n

If XRP rallies in the near term and closes above $2.0, the cryptocurrency could extend its run towards the 50-day EMA at $2.17.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : XRP News, Latest Stories & Analysis | Invezz ) The cryptocurrency market has continued its bearish performance this week, with over $50 billion wiped out from the market in the last 24 hours. The total cryptocurrency market cap dropped from $2.92 trillion on Thursday and now stands at $2.87 trillion. The […]<\/p>\n","protected":false},"author":14,"featured_media":65152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[39],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/65151"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=65151"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/65151\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/65152"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=65151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=65151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=65151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}