CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

coinpedia 2025-04-11 20:11:55

XRP Price Holds Above $2 as Open Interest Surges: Will Buyers Push XRP Further?

The post XRP Price Holds Above $2 as Open Interest Surges: Will Buyers Push XRP Further? appeared first on Coinpedia Fintech News The market is bouncing back after Trump paused plans to raise tariffs, and recent inflation data (CPI and PPI) showed signs of slowing down. Because of this, altcoins are holding strong, and XRP is looking to make a big move past the $2 mark. With several indicators showing growth, buyers seem to be in control and are pushing to send XRP’s price even higher. XRP’s Open Interest Rises Amid Surging Demand XRP buyers are getting hopeful for a strong price rally as the economy starts to cool down. According to data from Coinglass, XRP saw $5.21 million in liquidations over the past 24 hours. Out of that, $1.59 million came from long positions being closed, and $3.6 million was from sellers exiting their positions. On top of that, there was a big XRP transaction today. Ripple moved 200 million XRP—worth about $402.78 million—to an unknown wallet. The transfer was tracked by Whale Alert, showing it came from Ripple’s wallet “rBg2F…1o91m” and went to “rP4X2…sKxv3”. Also read: XRP Price Prediction 2025, 2026-2030: Is $3 Now Out of Reach? Some people think Ripple might be preparing for something big, possibly involving regulatory moves or large private trades (OTC deals). Others think it could just be for reorganizing their internal wallets. Ripple hasn’t said anything publicly about it yet. This transfer also happened right after Ripple and the U.S. SEC asked the court to pause their legal battle, which could be a sign that they’re trying to reach a smoother resolution now that key parts of the case have been addressed. On the flip side, the launch of the XRP ETF has caused a big jump in XRP’s trading volume and open interest. The data shows that open interest (OI) in XRP is up by almost 5%, now totaling over $3.1 billion. This launch has boosted confidence among investors, and there’s been a noticeable increase in the number of active wallets. What’s Next for XRP Price? XRP climbed back above the $2 level, but it’s now running into resistance at the 100-day EMA, which is around $2.1. However, buyers might soon overcome this level as buying pressure surges. As of writing, XRP price trades at $2.04, surging over 4% in the last 24 hours. If the price drops from the EMA100 level, sellers might try to push the XRP/USDT pair down to the key support at $1.73. Buyers are likely to strongly defend that area because if it breaks, the price could fall further to around $1.3. On the other hand, if XRP manages to break above the 100-day EMA and holds above the descending resistance line, it would signal that buyers are preparing for further gains. In that case, the price might head up toward the resistance line at $2.6, where sellers will probably step in again. Right now, the long/short ratio for XRP is at 1.2, which means more traders are betting that the price will go up. About 52% of positions are long, showing that overall sentiment is leaning bullish.

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.