XRP's price has climbed back near $1.20 primarily due to strong buying in the spot market, with spot cumulative volume delta (CVD) reaching its highest since mid-May. However, Binance perpetual traders are heavily short, with a record negative CVD, indicating significant selling pressure in derivatives. This divergence creates a fragile situation where high leverage and falling exchange supply could lead to rapid price moves, but also increases the risk of a sharp pullback if spot demand weakens. Investors should expect volatility as XRP navigates this critical point between spot support and perp selling pressure.
Bitcoin and other major cryptocurrencies dropped over 3% following the Federal Reserve's decision to hold interest rates at 3.5%–3.75% while raising inflation forecasts and indicating fewer rate cuts in the future. Despite President Trump's interim p...
XRP has failed to surpass the key resistance zone between $1.30 and $1.35, causing concern among investors about a potential decline back to the $1.00 support level. Despite recovering from lows near $1.05 to around $1.22, selling pressure near resis...
XRP has pulled back from recent gains but remains supported as long as it holds the $1.20 level, according to analysts. The cryptocurrency faces challenges from weak market follow-through and concerns over escrow releases but benefits from inflows in...
XRP briefly surged to $1.30 following a breakout from a symmetrical triangle pattern but quickly reversed, struggling to maintain support above $1.21. Technical indicators now show bearish signs, with trading volume down 44%, suggesting weak buyer co...
Plasma (XPL) fell 3.53% to around 164 Korean won after a recent surge, but maintained high trading volume of about 39.97 billion won ($29 million), indicating sustained market interest. Despite the price pullback, traders see this as a reset rather t...
