XRP bulls face make-or-break test as BNB grabs fourth place

Source: CryptoNewsNet Original Title: XRP bulls face make-or-break test as BNB grabs fourth place Original Link:

Summary

• XRP fell about 3% in 24 hours, slipping below BNB in market cap rankings as traders faded its recent rally despite resilient ETF and derivatives activity.
• Open interest has ticked higher but remains under its Jan. 6 peak, while U.S. spot XRP ETFs have seen only a single outflow day since launch and assets keep expanding.
• On the 4-hour chart, XRP holds above the 50-EMA and trades below the 100- and 200-day EMAs, with RSI softening and MACD still positive, signaling a fragile but intact uptrend.

XRP dropped 3% in the past 24 hours

The decline occurred alongside rising Open Interest and institutional inflows into XRP ETFs, according to data from CoinGlass. XRP’s Open Interest has increased from earlier in the week, though the rise remains modest. The metric stands below the yearly high recorded on January 6.

XRP spot Exchange Traded Funds recorded additional inflows on Wednesday, according to reports. Since launching in November, the ETFs have registered only one outflow, which occurred earlier in January. Cumulative inflows and net assets have continued to expand.

Technical indicators present mixed signals

The 4-hour chart shows XRP trading above the 50-day Exponential Moving Average, a key support level. The Relative Strength Index on the 4-hour chart has declined slightly, indicating building downside pressure that could lead to a retest of support levels.

The Moving Average Convergence Divergence indicator on the same timeframe remains above the signal line. A daily candle close above the 100-day EMA could push XRP toward the 200-day EMA, according to technical analysis.

XRP’s performance reflects broader volatility in cryptocurrency markets as digital assets navigate shifting institutional interest and technical resistance levels.