XRP trades near $1.40 after a two-week rally that may lack sufficient structural support to absorb another wave of selling. On Binance, net taker volume reached -$96 million, the most aggressive sell push of the year, while open interest climbed 14.8%, signaling fresh capital arriving on the short side. Futures open interest stands at $3.46 billion with roughly $20 million in leveraged longs liquidated during the pullback. Immediate support sits at $1.37-$1.38, and a choppy consolidation between $1.39 and $1.49 remains the most likely scenario as derivatives positioning resets.
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