Bear Trap Signal for XRP Price: Strong Accumulation Despite Derivatives Pressure

Selling Pressure in Derivatives and Technical Outlook The recent decline in XRP price, coupled with a head-and-shoulders pattern emerging in technical analysis, has raised expectations among bearish investors.
Confirmation of this pattern suggests the price could experience a 20% drop toward the $1.12 levels.
During this period, open interest in the futures market increased by 3.25% to $774.42 million.
The decline in funding rates to -0.019% indicates a concentration of short positions in the market.
Daily exchange outflows, which stood at 63.83 million XRP on February 17, reached 78.38 million XRP by February 22, marking a 23% increase.
These high-volume outflows from exchanges prove that investors are shifting toward long-term storage strategies by moving their assets to cold wallets instead of selling.
Mid-Term Investors Seize Buying Opportunities On-chain data shows that mid-term investors, particularly those holding assets for 3 to 6 months, view current price levels as a buying opportunity.
This group's share of the total supply has risen from 10% to 15.86% over the last month, recording an increase of approximately 60%.
This growth among the experienced investor group indicates that confidence in XRP persists despite the general expectation of a market decline.
Consequently, the activity around the $1.28 level strengthens the possibility of a bear trap, contrary to technical pressure.