On Friday, $XRP saw even bigger liquidations – $16.7 million in total, with $16 million in long liquidations. This event followed a massive market collapse on November 5, after the BTC price suddenly reversed its trend.

$XRP price prediction

$XRP is currently trading at $1.16, down 1.81% over the past 24 hours, while its market cap has declined 1.75% to $72.7 billion.

$XRP‘s open interest is up only 1.4% over 24 hours, sitting at $1.37 billion. However, rising open interest does not automatically indicate that new bullish positions are being opened.

The trading volume has fallen 44.7%, which suggests limited recovery potential for today. In addition, $XRP ETFs recorded zero net flows on Friday.