1 week ago
XRP Long Squeeze Setup: Why Rising Open Interest Could Spark a Sharp Reversal
TLDR: XRP’s Open Interest has spiked sharply, pointing to aggressive position-taking in the futures market. XRP’s stable Market Cap suggests large holders are not yet distributing, reducing short-term crash risk. An overheated NVT Ratio shows XRP’s valuation is outpacing on-chain activity, making rallies fragile. The most probable XRP near-term scenario is an upside squeeze followed [...]
The post XRP Long Squeeze Setup: Why Rising Open Interest Could Spark a Sharp Reversal appeared first on Blockonomi.
Source: Blockonomi →Related News
- 2 hours ago
Solana Records 97% Tokenized Equities Volume as SoFi, Cash App Join the Network
- 2 hours ago
Binance Holds 66% of All Exchange LINK as Reserves Hit Multi-Year Lows
- 2 hours ago
Stellar Lumens (XLM) Momentum Strengthens After Key Trendline Break
- 3 hours ago
USDT Market Cap Explained as $1.2B Disappears in Sudden Redemption Wave
- 3 hours ago
CAKE Price Analysis: Major Accumulation Setup Puts $50 Back in Focus
