XRP Gains Momentum Amid Investor Optimism
The Essentials at a Glance
- XRP currently shows a strong bullish market outlook
- No significant resistance in sight – potential for price increase
- High activity in spot and derivatives markets indicates optimistic investors
- $48.93M moved from exchanges to private wallets – sign of accumulation
- Open interest in the futures market rises to $5.5B
- Positive funding rate confirms dominance of long positions
- Low activity in transactions and wallet usage – possible limiting factor
Unstoppable Rise? XRP Poised for Potential Price Surge
The cryptocurrency XRP may be on the verge of a significant price movement. Technical analysis suggests that there are currently no major resistance levels on the chart. Such resistance typically arises from large sell orders that hinder price increases. In their absence, the price can rise freely.
Strong Market Sentiment: Investors Betting on XRP
Both the spot and derivatives markets are showing a clear bullish trend. Over the past seven days, approximately $48.93 million worth of XRP has been withdrawn from centralized exchanges and transferred to private wallets. This behaviour suggests that investors are betting on long-term price increases and are securing their holdings.
In the futures market, open interest – the volume of outstanding, unsettled contracts – rose by 17.17% to $5.5 billion. The options market also saw an increase of 18.78% to $1.03 million. These developments indicate that traders are increasingly building positions.
Funding Rate Confirms Bullish Positioning
Another indicator of market sentiment is the Open Interest Weighted Funding Rate. This metric shows whether long or short positions are dominant. Currently, the rate is positive – meaning the majority of open positions are betting on rising prices. Traders are paying a premium to hold long positions. This is a clear sign of bullish expectations.
Technical Challenges: Activity Remains Below Previous Highs
Despite the positive signals, there are also factors that could slow down momentum. The number of daily active wallets and transactions is currently below the highs of recent months. These two metrics are important indicators of actual usage and adoption of XRP. Only when more users return and use the blockchain more intensively could the price continue to develop sustainably.
Our Assessment
XRP is in a phase with high potential for price gains. The technical setup is favourable, as no resistance levels are blocking the path upward. Market participants are optimistic – both in short-term trading and long-term investments. However, the decisive factor will be whether user activity picks up again. Without an increase in transactions and wallet usage, the upside potential remains limited. Anyone looking to invest in XRP should keep a close eye on the development of on-chain data.
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Sources
- Glassnode
- CoinGlass
- Artemis
| Symbol | XRP |
| Coin type | Alt Coin |
| Transaction Speed | High |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | 2.59 |
| 24h % | 2.21 % |
| 7d % | 21.14 % |
| 30d % | 20.20 % |
| 60d % | 6.29 % |
| 1y % | 414.44 % |
| Official Links | Website |
| Socials | X |
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