- XRP trades near $1.59 as volume and open interest decline despite Ripple’s $280M diamond tokenization custody agreement in Dubai.
- Derivatives data show balanced liquidations and reduced leverage, suggesting temporary market stabilization.
- Technical levels show recovery above $1.82 is required, because a drop below $1.50 could expose the $1.20 demand zone.
Ripple announced a major enterprise custody partnership with the UAE. Despite this, XRP price slide 6.25% in the last 24 hours and is trading at $1.54.
This fall has extended its weekly losses to more than 19%, and bearish sentiment is dominating the market.
Trading volume has remained elevated at $3.13 billion. This indicates that active traders are repositioning amid heightened volatility and renewed selling pressure across major digital assets.
XRP is struggling to find short-term support as technical indicators continue to point toward a fragile recovery outlook.
Ripple’s Diamond Tokenization Deal Meets a Risk-Off Market
Ripple confirmed that its custody technology now secures over $280 million in tokenized diamonds in Dubai. The project is headed by Billiton Diamond and tokenization firm Ctrl Alt.
Assets were minted on the XRP Ledger to support issuance and secure transfers. DMCC coordinated the initiative to expand commodities tokenization across Dubai’s digital asset ecosystem.
The collaboration focuses on certified polished diamonds with embedded certification and ownership records. Real-time inventory data will be written directly onto the blockchain for verification.
Tokens are designed to support future secondary market trading pending regulatory approval. VARA must authorize broader distribution before the platform launches commercially.
Market reaction remained muted despite the announcement circulating through crypto-focused news feeds and industry tweets. Several analysts posted that enterprise adoption failed to shift near-term sentiment.
Risk aversion continues to dominate trading behavior after last week’s liquidation cascade. Macro pressure has outweighed token-specific developments across major digital assets.
Derivatives Data Shows Exhaustion After Liquidation Wave
XRP price trades near $1.59 after failing to sustain a rebound from the $1.50 low. Open interest declined 3.93 percent to $2.77 billion as traders reduced leverage.
Source: CoinGecko
During the same session, trading volume dropped 44.76 percent to $4.45 billion. In addition to this, options volume slipped by 12.38 percent, as speculative demand in XRP weakened.
Liquidations over the past 24 hours reached $4.08 million across long and short positions. Long liquidations totaled $2.48 million, while short liquidations reached $1.61 million.
This balance indicates the market has entered a temporary equilibrium phase. The long-to-short ratio stands near 0.98 following the recent flush.
On Binance, top trader positioning shows a long-to-short ratio of 3.20 by accounts. Several market tweets pointed to cautious dip-buying among professional traders.
However, participation remains thin as volatility compresses. Reduced activity suggests consolidation rather than immediate directional conviction.
Technical Structure Signals Key Levels for Recovery or Breakdown
On the daily chart, XRP is trading below all its major exponential moving averages. The 20-day EMA stands near $1.82 and is the current resistance. Higher EMAs lie around $1.94, $2.09, and $2.24, where overhead selling pressure is.
Since 2025, the price has been trapped inside the $1.50 to $1.85 primary demand area.
This range has repeatedly attracted buyers during recent declines. A daily close below $1.50 would weaken the existing support structure.
Such a move would expose the $1.20 demand zone highlighted on higher timeframes. Short-term charts show consolidation between $1.55 and $1.70 after the crash from $2.00.
The Supertrend indicator remains bearish near $1.68. DMI readings show strong downside momentum with ADX above 42.
Sellers maintain control until price reclaims the $1.70 resistance band. For XRP to move higher, the price must close above $1.82 on the daily chart to break through nearby resistance.
If the price falls below $1.50, it would signal deeper weakness in the market. Until these key levels are tested, XRP remains in a cautious and fragile position.