XRP (CRYPTO: XRP) fell 4% while Cardano (CRYPTO: ADA) dropped 5% on Wednesday as the Federal Reserve held rates at 3.50%-3.75% and raised 2026 inflation expectations to 2.7% from 2.4%.
XRP’s $1.2 Breakdown Risk
XRP trades trapped between Supertrend resistance at $1.5890 and support near $1.20.
All four EMAs remain bearishly stacked above price, with the 20 EMA at $1.4285, 50 at $1.5068, 100 at $1.6978, and 200 at $1.9518. Price hasn’t traded above the 200 EMA since October 2025.
Open interest sits at $2.79 billion, dramatically lower than the $10-$11 billion peak during January 2026 euphoria.
The decline in open interest alongside falling price reflects long-side capitulation and deleveraging, not fresh short conviction.
The long-short ratio on Binance accounts stands at 2.48, with top traders leaning long at 2.78.
This heavily one-sided positioning in …