XRP Derivatives Turn Cautious as Price Holds $1.35

The price action reflects that change in tone. XRP is still holding above its 50-day and 200-day moving averages, which sit around $1.21 and $1.27 respectively, so the broader chart is not broken. But the token has already given back much of its recent advance, and momentum gauges have softened. The RSI has dropped back into the high-30s after earlier strength, while MACD readings remain below the signal line, suggesting upside pressure is fading even if the longer trend has not fully reversed.

For investors, the key question is whether spot buyers can absorb the sell-side pressure before leveraged traders force another leg lower. A clean reclaim of the $1.40 to $1.43 area would help restore confidence and open the way toward the $1.54 region and then the $1.68 to $1.72 zone. But if $1.35 fails, the next support levels around $1.31 to $1.32 and then $1.27 come into view. That would not just be a technical setback; it would likely trigger more de-risking from traders who have already started rotating out of altcoins.

The broader backdrop is not helping XRP’s case. The token is being pulled into the same pattern that has hit much of the altcoin market: cooling momentum after a sharp run, shrinking leverage and a more defensive stance ahead of macro catalysts. The article’s mention of regulatory developments, including the CLARITY Act, remains relevant because a clear policy shift could still change the narrative quickly. But for now, futures positioning says the market wants proof, not hope.

That leaves XRP at a pivotal level. If $1.35 holds, the market can argue this is a pause within a broader uptrend. If it breaks, the bearish derivatives setup will likely become self-reinforcing, and the recovery thesis will need a much stronger catalyst than technical support alone.