XRP futures markets saw a sharp 832% increase in long liquidations over the past week, with nearly $3 million in forced exits, indicating a significant deleveraging event. Open Interest dropped 11.1% monthly from $1.18 billion to $1.04 billion, reflecting a reduction in leveraged exposure. Despite futures turmoil, Binance's XRP spot reserves remained stable, suggesting calm among holders. Technical indicators like the Tom DeMark "9" buy signal and Morning Star Doji pattern hint at a potential short-term rebound toward $1.30. Ripple's launch of RLUSD stablecoin in Japan adds fundamental support, but market direction depends on Open Interest recovery and funding rate normalization.
David Schwartz, former CTO of Ripple, clarified that while a payment concept by Ryan Fugger in 2004 predated Bitcoin by five years, the XRP token and XRP Ledger were launched in 2012, three years after Bitcoin's inception. Fugger's early design was a...
XRP is hovering near a critical support level of $1.06, which traders see as pivotal for its short-term direction. Despite a modest daily rebound, XRP remains down over the past week and three months, reflecting cautious market sentiment. Key upcomin...
Ripple's XRP price fell to $1.02, its lowest since early February, after leveraged traders faced $9 million in liquidations, mainly on Binance. This forced selling reduced speculative pressure and lowered open interest on major exchanges, potentially...
Bitcoin and Ethereum showed minimal gains, trading mostly flat, while altcoins such as Solana and XRP outperformed with notable price increases. This pattern indicates a rotation-driven market where investors selectively move capital among tokens rat...
XRP recovered above the $1 mark following Ripple's approval under the EU's MiCA regulatory framework and consistent inflows into XRP spot ETFs. This regulatory clarity from Luxembourg's financial authority enhances Ripple's institutional appeal and s...
