Sergey Diakov
XRP is showing resilience after a brief pullback, maintaining its upward trajectory while derivatives data continues to strengthen. According to CW, the key dynamic lies not just in price stability, but in the steady increase in open interest alongside minimal short pressure - conditions that typically support continuation.
XRP Pullback Stays Within Uptrend Structure
The chart reflects a clear uptrend, with XRP forming higher lows along a rising trendline. Even after rejecting from the recent high near the 1.46 area, price has held above this ascending support, preserving the broader bullish structure.
The decline appears limited in scope, lacking follow-through to the downside. Instead of breaking structure, price has stabilized near the trendline, suggesting that the move lower is corrective rather than a shift in direction. This type of behavior aligns with trend continuation patterns, where price consolidates after an impulse rather than reversing. For broader context, the XRP orderbook signals a 9:1 bid ratio and bullish structure - a reading that aligns with current price behavior.
XRP Open Interest Keeps Climbing as Shorts Stay Quiet
Beyond price action, the derivatives backdrop provides a key signal. Open interest continues to trend upward, indicating that new positions are being added as the market holds its structure. At the same time, short positioning remains limited, reducing the likelihood of aggressive downside pressure.
Open interest continues to trend upward, indicating that new positions are being added as the market holds its structure.
This imbalance supports the idea that the market is not facing strong bearish conviction, even during the pullback phase. Analysts tracking the XRP bullish wave structure note that a similar dynamic - where positioning strengthens during consolidation - has appeared in recent setups, with structure remaining intact despite temporary pauses.
XRP Structure Tightens Below $1.46 Resistance
Price is now compressing between rising support and the recent rejection zone near 1.44 - 1.46. This creates a tightening formation, often associated with continuation setups when the broader trend remains intact. The absence of strong selling pressure, combined with stable volume behavior, reinforces the idea that the market is consolidating rather than distributing.
Market participants watching the XRP breakout toward $1.50 resistance will find that this compression phase fits the pattern - tighter ranges ahead of key levels often precede the decisive move. As long as the ascending trendline continues to hold and open interest remains elevated, the structure favors continuation rather than breakdown.
As long as the ascending trendline continues to hold and open interest remains elevated, the structure favors continuation rather than breakdown.
Sergey Diakov
