Can XRP price hold the $1.45 demand zone as key metric peaks?
#TrumpEndsShutdown XRP price is testing a critical demand zone near $1.45 as rising on-chain velocity and falling open interest hint at a decisive move ahead.
Summary
XRP trades near $1.44 after sharp weekly losses, with sellers still dictating short-term direction.
On-chain velocity has surged to yearly highs, suggesting heavy re-positioning as price weakens.
A firm hold above $1.45 could spark a short bounce, while a breakdown risks deeper losses.
XRP was trading near $1.44 at press time, down about 10% over the past 24 hours, sliding to its lowest level since November 2024. The token has weakened across all major timeframes, falling 23% over the past week and nearly 40% over the past month.
Price action over the last seven days has remained confined between $1.44 and $1.88, with sellers maintaining control. Even so, market activity has picked up. XRP xrp-10.05%XRP recorded $5.07 billion in trading volume in the past 24 hours, up 25%. This points to heavy participation during the sell-off.
Derivatives data show a more cautious tone. CoinGlass figures indicate futures volume rose 17% to $7.94 billion, while open interest slipped 1.8% to $2.61 billion. This mix suggests that traders reducing leverage while spot activity rises, a setup that can appear near short-term turning points.
XRP velocity spikes as supply shifts hands
A Feb. 4 analysis by CryptoQuant contributor CryptoOnchain highlighted a sharp move in XRP Ledger activity. The seven-day SMA of XRP velocity climbed to 0.013 on Feb. 3, matching the highest levels seen since January 2025.
In previous cycles, this level has appeared at key moments. During this instance, the velocity increase coincided with a price decline, suggesting rapid coin movement rather than steady accumulation. Such conditions are often linked to older holdings changing hands or aggressive short-term trading during periods of stress...