XRP is in danger of falling below IDR32,646! Futures Market Dominates Selling, What’s Next?

Updated

June 2, 2025

Gambar XRP is in danger of falling below IDR32,646! Futures Market Dominates Selling, What’s Next?

Jakarta, Pintu News – XRP (Ripple) is facing significant selling pressure in the futures market, with technical indicators showing a dominance of short positions. The price of XRP is currently hovering around $2.13 or Rp34,787, and if this pressure continues, there is a possibility of the price dropping below the psychological level of $2.00 (Rp32,646).

Domination of Short Positions in the Futures Market

Data from CryptoQuant shows that XRP’s taker buy/sell ratio stands at 0.92, signaling more traders opening short positions than long ones. Additionally, the XRP long/short ratio stands at 0.94, reflecting the dominance of short positions since May 8, 2025. This indicates a strong bearish sentiment in the XRP futures market.

This selling pressure is not just limited to the futures market. In the spot market, the price of XRP has dropped by almost 10% in the past week. If this pressure continues, the XRP price is at risk of breaking the $2.00 support (IDR 32,646), which could trigger a deeper correction to below $1.99 (IDR 32,482).

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Technical Analysis Shows Bearish Signal

Technical analysis shows that XRP has broken its uptrend support, with indicators such as RSI and MACD indicating negative momentum. If the price is unable to hold above $2.00 (IDR32,646), it is possible that XRP will test the next support around $1.93 (IDR31,519). However, if there is an increase in demand, the price could rise again towards $2.29 (IDR 37,399).

Investors are advised to monitor XRP price movements closely and consider appropriate risk management strategies. Volatile market conditions require extra caution in making investment decisions.

Also Read: Bitcoin in danger of weakening again? Bollinger Bands indicator gives this sign!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

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