XRP futures open interest on Binance surged to $232.7 million, the highest since June, but underlying signals suggest bearish sentiment. Despite the rise in open interest, a deeply negative cumulative volume delta indicates traders are opening new short positions rather than betting on price gains. Large holders (whales) are largely inactive, while retail participation is increasing. The price remains near the $1 mark, with bearish futures positioning creating potential for either a short squeeze or a price breakdown, though any squeeze may be limited due to low whale activity.
David Schwartz, Ripple's former CTO, disclosed that his XRP holdings have decreased significantly from about 26 million at their peak to roughly 2 million currently, a 92% drop. He did not specify whether this reduction was due to sales or other tran...
XRP's active addresses surged by 24.1% within 24 hours, rising from 27,665 to 34,318, even as its price struggles below the $1 mark. This increase in network activity contrasts with XRP's weak price momentum, suggesting growing user engagement despit...
Ripple minted $449.3 million of its RLUSD stablecoin on the XRP Ledger in 30 days, but 99% of these tokens were burned due to rapid redemptions by institutional clients. This high burn rate kept the net supply growth near zero, highlighting a major l...
Ripple Prime, Ripple's institutional prime brokerage arm, secured $275 million through a private placement of senior unsecured notes to fund its US expansion. The deal received an investment-grade BBB rating, signaling strong institutional confidence...
Derivative trading on XRP has surged, with Binance's open interest reaching $461.3 million, the highest since early July, even as XRP's price falls below $1. This growing leverage amid weak price action increases the risk of sharp market moves and li...
