XRP Price Prediction May 6: Bearish derivatives data (0.94 L/S ratio) suggests downside pressure. XRP Price Action Today: Watch key support at $2.05; RSI/MACD indicators signal weakening momentum. XRP Price Update: Failed Ripple bid for Circle provides background context for market sentiment. XRP price update and analysis for May 6th shows XRP price action today March 5th , facing headwinds. That’s according to fresh derivatives data from Coinglass showing intensified bearish sentiment around the XRP token. The long/short ratio currently sits at 0.9406, a clear signal that more traders are betting on the XRP price going down rather than up. This ratio leaning bearish has persisted for nearly two weeks, suggesting a continued lack of strong buying conviction. While open interest fell slightly by 1.3%, derivatives trading volume stays high, jumping 35% to $3.28 billion, showing traders move in based on the XRP price volatility. What’s Happening with XRP’s Price on the Charts? Looking at the technicals, the current XRP price (via CoinMarketCap ) shows that XRP is hovering around $2.14, which is critically close to the key support level at $2.05. A br… The post XRP Price Prediction May 6: Bears Grip Derivatives, $2.05 Critical appeared first on Coin Edition .
