- XRP consolidates near $1.4236 as open interest drops 4.21% to $2.37B and volume falls 7.34% to $3.73B.
- XRPL activates XLS-81 Permissioned DEX amendment, creating members-only trading venues for regulated institutions.
- Price trades below all major EMAs and Bull Market Support Band at $2.1067, with $1.5116 as first resistance zone.
XRP price today trades near $1.4236, up 0.18% in the past 24 hours as the token consolidates after recovering from the $1.15 February low. The move comes as the XRP Ledger activated the XLS-81 “Permissioned DEX” amendment, enabling gated onchain trading venues where only approved participants can place and accept offers.
XRPL Activates Permissioned DEX For Regulated Institutions
The XRP Ledger has activated the Permissioned DEX amendment, a technical upgrade designed to let regulated institutions trade on XRPL without opening markets to everyone. The change, known as XLS-81, allows the creation of permissioned decentralized exchanges that work like XRPL’s existing built-in DEX but with a key difference.
A permissioned domain can restrict who is allowed to place offers and who can accept them, creating a gated trading venue where participation can be tied to compliance requirements such as KYC and AML checks. The feature is aimed at banks, brokers, and other firms that need on-chain settlement and liquidity but cannot interact with fully open DeFi markets.
The activation adds to a growing set of “institutional DeFi” primitives XRPL has rolled out this month. Token Escrow, or XLS-85, went live last week, extending XRPL’s native escrow system beyond XRP to all trustline-based tokens and Multi-Purpose Tokens, including stablecoins like RLUSD and tokenized real-world assets.
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Together, the two upgrades create a more complete toolkit for regulated finance on XRPL. Token escrow allows conditional settlement for assets issued on the network, while the permissioned DEX provides a controlled venue for trading them. That combination is central to use cases like tokenized funds, stablecoin FX rails, and regulated secondary markets for tokenized assets.
Open Interest Drops As Volume Declines
XRP Derivative Analysis (Source: Coinglass)According to Coinglass, XRP’s open interest fell 4.21% to $2.37 billion, while volume dropped 7.34% to $3.73 billion. Options open interest rose 5.09% to $65.91 million, suggesting traders are positioning for volatility despite declining spot and futures participation.
Long/short ratios remain elevated at 2.58 on Binance and 2.34 on OKX, showing leverage still skews heavily bullish. However, the 24-hour liquidation data shows zero long liquidations on Binance 1-hour timeframes while shorts hold $8.14 million, indicating the market is positioned for upside but price action remains muted.
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When open interest and volume both decline, it typically signals reduced conviction. Traders are closing positions rather than adding leverage at current levels. Without a reversal in participation metrics, rallies will lack the fuel needed for sustained moves higher.
Price Trapped Below All Major EMAs And Bull Market Support Band
XRP Price Dynamics (Source: TradingView)On the daily chart, XRP trades below all major moving averages and the Bull Market Support Band. The 20-day EMA sits at $1.5116, the 50-day at $1.6991, the 100-day at $1.9084, and the 200-day at $2.1223. The Bull Market Support Band lower boundary sits at $2.1067, with the upper boundary at $2.0472.
The chart shows:
- Price trading below all major EMAs and Bull Market Support Band
- Descending trendline from July highs still intact
- $1.5116 as first major resistance at 20-day EMA
- $1.15 February low as critical support
XRP dropped from $3.56 all-time high to $1.15 in under three months, marking a 68% correction. The current consolidation near $1.42 represents a 23% bounce from those lows, but the structure remains corrective. Every rally since July has been rejected at lower highs, creating a clear pattern of distribution.
A daily close above $1.5116 would flip the 20-day EMA and signal the first sign of trend exhaustion. Breaking above the Bull Market Support Band at $2.1067 would require reclaiming all major EMAs and represent a full trend reversal. Until that happens, sellers control the daily structure.
Outlook: Will XRP Go Up?
The next move depends on whether XRP can hold $1.40 and reclaim $1.5116.
- Bullish case: A close above $1.5116 with volume would flip the 20-day EMA and place $1.6991 in range. Reclaiming the Bull Market Support Band at $2.1067 confirms full trend reversal as institutional infrastructure matures.
- Bearish case: A breakdown below $1.40 exposes $1.35, with further downside toward $1.15 if the permissioned DEX fails to drive adoption. Losing $1.15 retests the $1.00 psychological support.
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Source: https://coinedition.com/xrp-price-prediction-can-permissioned-dex-catalyst-reverse-downtrend/
