XRP Price Grinds Lower After Failed Hold at $1.44

XRP's price has been grinding lower after failing to hold at $1.44, with momentum flatlining at zero and short-term selling pressure dominating the market.

The immediate setup shows XRP in a short, sharp corrective move down 2.5% in 24 hours, currently printing $1.38 and rejected right at the $1.44 SMA-7.

The 15.56% surge in open interest while price was falling is a key signal to watch here, with new positions being aggressively opened during a down move, mostly long.

Despite this, the bulls have a probabilistic edge at 60/40 in favor of a retest of $1.43-$1.47 within the next 72 hours, but only if $1.35 survives the next session.