The current buying activity stands in sharp contrast to the price chart, which has moved in the opposite direction. XRP has dropped 13.63% over the past 10 days after breaking down from a bullish pattern traders had been watching closely.
Based on reports from CryptoQuant analysts, the altcoin could slide further to test support at $1.27, with a deeper fall toward the yearly low of $1.11 still possible if selling pressure continues.
The repeated liquidation spikes suggest that fresh money coming into the futures market is taking on more risk than conditions can currently support.
Risk-Adjusted Returns Turn Slightly Positive One data point in XRP’s favor is its Sharpe Ratio, which measures how much return an asset delivers relative to its risk. After spending most of the period between October 2024 and February 2025 near or below zero, the ratio edged positive to 0.0267 as of March 26.
A 30-day average daily return of 0.00063 supports the shift, though the number is modest. Data shows gains remain small while volatility has stayed relatively flat — not a strong breakout signal, but a slight improvement from where things stood just a month ago.
Spot Market And Futures Sending Different MessagesThe gap between what onchain data shows and what the price chart is doing is the clearest tension in XRP’s current setup. Whales are buying. Retail futures traders keep getting liquidated. The Sharpe Ratio has improved but remains barely above zero. None of these signals points cleanly in the same direction.
Featured image from Unsplash, chart from TradingView
