XRP Slumps 7.78% as Overbought Conditions Take Hold

XRP has recently experienced a -7.78% reversal from an intraday high of $1.63, with RSI reading overbought at 85 and MACD momentum dead in the water.

This technical setup suggests that XRP is technically exhausted, and a short-term flush to $1.38 support is likely. The broader trend remains bullish, but traders should be cautious of the current price action.

The derivatives picture shows open interest ticking down by -0.25%, while the taker buy/sell ratio indicates sell-side aggression winning in real-time order flow. Retail and top-tier traders are heavily long XRP, which could lead to a partial fuel exhaustion for any potential upswing.