Sharp rebound after a crash! XRP stages a relief rally after market selloff
Sharp rebound after a crash! XRP stages a relief rally after market selloff
After a sharp sell-off, XRP has managed a short-term rebound, but derivatives markets and technical structures still call for caution regarding a trend reversal.
According to investment news outlet FXStreet on February 6 (local time), XRP (Ripple) rebounded sharply from an intraday low of $1.12 to climb above $1.36. Following a volatile week and position adjustments, the price has recovered about 21% from its low.
Spot ETF fund flows showed limited but positive signals. U.S.-listed XRP spot ETFs recorded a net inflow of $1.28 million on Thursday, marking three consecutive trading days of net inflows following $19.5 million on Tuesday and $4.8 million on Wednesday. Cumulative inflows totaled $1.21 billion, while net assets were estimated at approximately $888 million.
In contrast, the derivatives market revealed waning interest from retail investors. XRP futures open interest fell to $2.4 billion on Friday, the lowest level since January 2025. A decline in open interest is interpreted as a sign of weak conviction in price upside, raising questions about the durability of the short-term rebound.
Liquidation pressure has eased somewhat. According to CoinGlass, roughly $10 million in long positions and about $10.5 million in short positions were liquidated on Friday alone, bringing balance compared with the previous day’s $59 million in long and $11 million in short liquidations. The reduction in long-position pressure alongside price recovery is positive for short-term stability.
Technically, room for a rebound remains, but the medium-term downtrend is still intact. While XRP is trading above $1.36, it remains below the 50-day exponential moving average at $1.88, the 100-day at $2.05, and the 200-day at $2.22. The MACD is in negative territory but shows signs of weakening bearish momentum, while the RSI stands at 29, remaining in oversold territory. A firm hold above $1.40 could allow a test of $1.50, but if the trend does not turn, a retest of $1.12 cannot be ruled out.
*Disclaimer: This article is for investment reference only, and no responsibility is taken for investment losses based on it. The content should be interpreted solely for informational purposes.*
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