Main meals:
Xrp (XrpIt has risen more than 10 % since Thursday, when Ripple and the US Securities and Exchange Committee (SEC) He agreed to refuse their legal appeal Against each other.
The size of the futures contracts exceeds XRP Solana
The XRP futures trading volume increased by more than 200 % over the past 24 hours to 12.4 billion dollars, overcoming Glassnode.
The high volume of future contracts often reflects the interest of trading and speculative sites, especially after the main news events. In the case of XRP, it’s the end of the long term SEC VS. Ripple SuPUIT.
Open attentionThis indicates the value of unstable future contracts, also increased by 15 % to about $ 5 billion.
0.01 %, the positive daily financing rate of XRP indicates that most traders are holding long positions, expecting more upward trend.
Severe long sites can increase negative risks, and beware of glass. This indicates that excessive traders may face qualifiers, and possibly accelerate a correction, if the price is less than the current levels.
The XRP cost distribution data shows that the 2.80 – $ 2.82 range carries the largest group of supply, with more than 1.70 billion code gain these prices.
The concentration of holders of this is the main support level if prices decline, as many traders in profit may defend their entries.
35 % XRP price hints at the forefront
XRP height caused a collapse above the upper direction line for Taurus science Graphic style. Its sizes rose alongside, confirming the momentum behind the collapse.
Traditional analysts measure the goal of the upscale flag by adding the height of the previous upward trend to the penetration point.
For XRP, this indicates a target of more than $ 4.50, which is 35 % higher than the current levels, by September or October.
Possibilities Reducing the price of the federal reserve in September It can increase fuel appetite for the most dangerous assets like XRP.
The target has repeated $ 4.50 in recent weeks.
This includes Milkybull, which expects The XRP price will rise to 5-8 dollars By the end of 2025, and Dom, from Projects 10 dollars.
This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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