XRP Drops to $1.49 as Long Positions Stay Elevated and Support Comes Into Focus.
XRP has pulled back sharply after its latest advance, falling from the $1.64 area toward $1.49 as short-term selling pressure returned.
CoinMarketCap currently places XRP at approximately $1.49, down 5.64% over 24 hours, with a daily range between $1.49 and $1.65. Trading volume stands near $8.33 billion, while market capitalization is approximately $93.74 billion.
The 15-minute XRP/USD chart shows how quickly the structure changed. XRP advanced from roughly $1.38 on September 21, accelerated through $1.50 and $1.56, and eventually reached the $1.64–$1.65 region. That move has now been followed by a fast retracement to approximately $1.49.
XRP Support Shifts Back Into Focus
The chart’s volume profile identifies a major high-volume region around $1.56, but XRP has now fallen below that level. The latest decline also pushed through the $1.54 area before reaching $1.49.
Immediate support is developing around $1.48–$1.50, where the latest candle printed a lower wick after the selloff. Below this area, the chart shows another significant volume concentration around $1.39–$1.41. The indicator’s rising anchor band remains considerably lower, around $1.35, while the panel still labels the broader anchor trend as bullish.
On the upside, $1.54–$1.56 has become the first major recovery zone. Above it, the previous high-volume and price areas around $1.59–$1.60 and the recent peak near $1.64–$1.65 form the next resistance levels.
The latest five 15-minute candles show a clear shift toward sellers. Large red bodies pushed XRP below $1.56 and $1.54, while the newest candle extended toward $1.48 before recovering to around $1.49. That lower wick shows buying response near $1.48, but the sequence remains dominated by bearish candle bodies. Volume also expanded during the decline, adding weight to the selling move.
Binance Top Traders Remain Heavily Long XRP
The positioning chart adds another dimension to the pullback. Binance’s Top Trader Long/Short Ratio by accounts shows roughly 70% of top-trader accounts positioned long, leaving approximately 30% short in the latest four-hour observation. The accompanying long/short ratio is around 2.65, meaning long accounts substantially outnumber short accounts.
Position-based exposure is similarly concentrated. The latest Top Trader Long/Short Ratio by positions rises to approximately 2.6, with the green portion of the chart near 70% long and roughly 30% short.
That positioning is notable because XRP has fallen toward $1.49 while top traders remain heavily tilted toward long exposure. The combination puts $1.48–$1.50 at the center of the immediate price structure. A recovery would first bring $1.54–$1.56 back into play, while further weakness would expose the larger $1.39–$1.41 support and volume zone.
The broader move remains substantial despite the pullback. CoinMarketCap’s daily data show XRP at about $1.30 on September 17, compared with roughly $1.49 currently—leaving the token approximately 15% above that level even after the retreat from $1.65.
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