XRP risks drop below $1, but onchain data highlights silver lining
XRP’s chance of a daily close below $1 are rising, but whale accumulation and shrinking exchange supply may be a sign that traders are buying.
Crypto News·
XRP has dropped through the $1.07 support area as traders brace for another leg lower amid mounting bearish pressure. According to data from crypto.news, XRP (XRP) price has fallen about 8% over the past week, extending losses after breaking below…
Read full articleXRP’s chance of a daily close below $1 are rising, but whale accumulation and shrinking exchange supply may be a sign that traders are buying.
XRP trades near $1.08 as Binance’s perp-spot volume imbalance Z-Score holds near neutral at 0.17, signaling no extreme speculative pressure in derivatives markets. The number is 0.17. Not dramatic. Not extreme. The 30-day Z-Score on Binance’s XRP perp-spot volume imbalance tracker, per CryptoQuant data, sits near neutral as of the latest reading, which tells one […] The post XRP Derivatives Still Rule Binance, But the Z-Score Says Calm For Now appeared first on Live Bitcoin News.
Bitcoin’s drop below $60,000 has triggered nearly $1.48 billion in crypto liquidations after fresh U.S. inflation data reinforced expectations that interest rates could remain higher for longer. According to data from crypto.news, Bitcoin (BTC) fell 3.3% to an intraday low…
XRP has pushed into an oversold technical setup that some traders are comparing with prior cycle-bottom conditions.
Many altcoins have collapsed by up to 5% in the past hour alone.
Analysts continue to outline the significance of MSTR and STRC.
AFX Shares Up to 50% of Protocol Revenue with Traders as Cumulative Volume Approaches $1 Billion
Ripple IPO XRP holders got a hint from Garlinghouse about a possible special arrangement. Here is what it could mean and why each version hits a wall.