- XRP trades near $1.35 as Ripple CEO Brad Garlinghouse says the firm could reach $1 trillion valuation with XRP as its “north star.”
- Open interest drops 1.63% to $2.26B while volume falls 18.53%, signaling reduced participation after recent volatility.
- Price tests critical support near $1.35 as RSI approaches oversold territory at 32.11 on daily chart.
XRP price today trades near $1.3551, down 0.54% in the past 24 hours as the token tests critical support following a 33% decline over the past month. The move comes as Ripple CEO Brad Garlinghouse told XRP enthusiasts the firm has the opportunity to reach a $1 trillion valuation, calling XRP the company’s “reason for existence.”
Garlinghouse Targets $1 Trillion Valuation With XRP Focus
Speaking at XRP Community Day, Garlinghouse said he’s convinced a crypto firm will eventually eclipse the trillion-dollar mark, a feat achieved by only a dozen companies including Nvidia, Apple, and Alphabet. Ripple, currently valued at $40 billion following a $500 million November funding round, would need to increase 25x to reach that milestone.
“Ripple’s reason for existence is driving success around XRP and the XRP ecosystem,” Garlinghouse said, calling the token the firm’s “north star.” The comments come as Ripple focuses on integration rather than new acquisitions in 2026 after spending billions last year on Hidden Road, GTreasury, Rail, and Palisade. Despite the bullish long-term vision, XRP price remains 62% below its $3.56 all-time high from 2025, reflecting the disconnect between corporate ambitions and current market conditions.
Open Interest Falls As Participation Declines
XRP Derivative Analysis (Source: Coinglass)According to Coinglass, XRP’s open interest dropped 1.63% to $2.26 billion, while volume fell 18.53% to $4.01 billion. The decline in both metrics signals reduced trader participation following the recent drawdown from highs above $3.50.
Long/short ratios remain elevated at 2.30 on Binance and 2.13 on OKX, showing that leverage still skews bullish despite the price decline. Top trader positioning shows $18.48 million in longs versus $12.91 million in shorts on 1-hour timeframes, indicating that accounts remain positioned for recovery.
Related: Cardano Price Prediction: ADA Slips Toward $0.25 As LayerZero Integration Fails To Lift Price
The drop in open interest suggests traders are closing positions rather than adding leverage at current levels. When OI declines alongside falling price, it typically indicates capitulation or reduced conviction. Without a reversal in participation metrics, rallies will lack the fuel needed for sustained moves higher.
Price Breaks Below All Major EMAs
XRP Price Dynamics (Source: TradingView)On the daily chart, XRP has broken below every major moving average. The 20-day EMA sits at $1.5495, the 50-day at $1.7613, the 100-day at $1.9641, and the 200-day at $2.1624. All four EMAs are stacked downward, creating a clear resistance ceiling.
The chart shows:
- Price breaking below the descending trendline from July highs
- RSI at 32.11, approaching oversold conditions
- Support zone at $1.35 under immediate pressure
- $1.50 resistance zone now overhead
XRP lost the $1.50 support that held through early February, opening the door to a retest of the $1.35 psychological level. A daily close below $1.35 would expose the next demand zone near $1.20, where price found support during prior corrections. RSI approaching 30 suggests the market is nearing oversold conditions, but momentum indicators alone do not guarantee reversal without volume confirmation.
Related: Chainlink Price Prediction: LINK Near Cycle Lows Despite Growing Real-World DeFi Integration
A close above $1.5495 would flip the 20-day EMA and signal the first sign of trend exhaustion. Until that happens, the structure remains decisively bearish, with each bounce representing a relief rally inside a corrective phase.
Descending Channel Guides Intraday Action
XRP Price Action (Source: TradingView)The 1-hour chart reveals XRP consolidating inside a descending channel pattern, with price testing the lower boundary near $1.3509. Supertrend sits at $1.3934, acting as immediate resistance. MACD remains negative with all lines converging near zero, indicating weak directional momentum.
The structure shows:
- Price trapped inside descending channel
- Failed attempts to break above channel resistance
- Lower highs forming since February 11
Buyers are attempting to defend the lower channel boundary, but sellers continue to reject rallies at the descending resistance line. A breakout above $1.3934 would flip the Supertrend and place $1.40 back in range. A breakdown below $1.35 would invalidate the channel pattern and trigger another leg down toward $1.30.
The channel compression suggests an imminent move is approaching. Given the downward slope and repeated rejections at resistance, the path of least resistance remains lower unless buyers can reclaim $1.40 with volume.
Outlook: Will XRP Go Up?
The next move depends on whether XRP can hold $1.35 and reclaim the descending channel resistance.
- Bullish case: A bounce from $1.35 with a close above $1.40 and the channel resistance would shift momentum and place $1.50 back in range. Reclaiming $1.5495 confirms trend exhaustion.
- Bearish case: A breakdown below $1.35 exposes $1.30, with further downside toward $1.20 if selling accelerates. Losing $1.35 marks a new multi-month low.
Related: Shiba Inu Price Prediction: SHIB Tests $0.000006 as Burn Rate Surges 173,579%
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/xrp-price-prediction-xrp-weakens-at-1-35-support-despite-ceos-1t-ripple-target/
