XRP's spot market shows stronger demand with buyers absorbing supply, while futures markets display reduced leverage and cautious trading. Open Interest in futures dropped from over $1 billion to around $823.8 million, indicating less aggressive positioning. Spot buyers have increased net purchases by about $448 million, but perpetual futures on Binance show significant sell pressure and falling leverage. This divergence suggests that XRP's recent price stability is driven more by spot market strength than by leveraged futures trading.
XRP has surged past the $1.50 mark after five weeks of consolidation, briefly reaching $1.57 before stabilizing around $1.51–$1.54. This breakout is supported by strong trading volume and shifts focus to the next resistance level at $1.55–$1.56. A we...
XRP has broken above a descending trendline and the $1.50 resistance level, signaling a potential bullish move. The price is currently holding around $1.57, supported by a flattening 200 EMA and strong buying from large holders. The next target is $1...
A recent analysis of XRP ownership reveals that Ripple Labs-linked accounts control nearly 40% of the total supply, with major exchanges like Upbit (6.41%), Coinbase (5.81%), and Binance (2.75%) holding significant portions. This concentration unders...
XRP has surged past the $1.50 mark, driven by a 663% increase in XRP inflows on Binance, the world's largest crypto exchange. Despite this spike in deposits, the total XRP reserves on Binance remain stable, indicating strong buying activity absorbing...
XRP has consistently outtraded Bitcoin on South Korea's Upbit exchange for 30 consecutive days, reaching $350 million in trading volume on September 21 compared to Bitcoin's $225.8 million. The price of XRP on Upbit rose about 19% from $1.28 to $1.52...
