XRP's Price Drops 1.95% Amid Bullish Signals

XRP's recent market movements have revealed critical price levels that could potentially ignite bullish momentum, positioning it for a possible breakout. The current market sentiment is characterized by cautious optimism, with more long positions emerging alongside a notable rise in active addresses. A significant transfer of 167 million XRP, valued at approximately $367 million, has reignited discussions about Ripple’s price trajectory.

As of the latest data, XRP is priced at $2.11, indicating a slight decline of 1.95% within the last 24 hours. Technical charts illustrate a recognizable head-and-shoulders pattern shaping XRP’s trajectory. The left shoulder formed in November 2024, the head in December, followed by the right shoulder in March 2025. The critical neckline is positioned at $2.00, making it a vital level for traders to observe. A sustained position above this support could signal a promising breakout, potentially targeting resistance at $2.30. Conversely, a dip below the neckline could prompt bearish pressure, pushing the price towards the key support level of $1.99.

The recent data reveals a modest uptick of +1.04% in the taker buy/sell ratio, which now stands at 0.9888. This figure indicates that buying volume is slightly exceeding selling volume, hinting at a shift towards bullish sentiment. This movement can be partially attributed to the recent whale transfer, suggesting that larger financial players are positioning themselves for possible price increases. Despite being a small shift, this positive sentiment might encourage traders to adjust their positions.

There has been a significant rise in XRP’s daily active addresses, which have reached 201.76K. This increase in network engagement signals a growing interest from users, which is often a precursor to notable price movements. Surges in active addresses typically correlate with upward price shifts, suggesting that the current trends might support XRP’s future price growth.

Analysis of long and short positions indicates mixed sentiment among traders. Although long liquidations have slightly outpaced shorts in the last 24 hours, a significant number of short positions persist, reflecting ongoing market uncertainty. This equilibrium suggests a lack of consensus among traders regarding XRP’s directional movement, as many remain cautious about whether it will breach the crucial resistance or continue consolidating.