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XRP Open Interest Plunges 32% on Binance as Spot Sellers Beat Buyers

XRP derivatives exposure has fallen sharply since late August as traders reduce leveraged positions while aggressive selling continues across spot and perpetual markets. Binance XRP open interest has dropped about 32%, while selling pressure has intensified across centralized exchanges. XRP Open Interest Drops Nearly One-Third XRP traders have sharply reduced derivatives exposure while aggressive sellers […]

Bitcoin.com NewsBitcoin.com NewsKevin Helms10h ago

Ripple: Key Moving Averages Could Support a Larger Recovery

Ripple (XRPUSD) has made a nice rebound and is now pulling back toward several important moving averages, including the 50-day, 100-day, and 200-day SMAs. This area could act as strong support and provide a base for a larger recovery. From an Elliott Wave perspective, the current move could be part of wave B correction before a continuation higher in wave C of a minimum three-wave ABC rally. If the moving averages hold and XRP starts to stabilize, we could see another leg higher as the recovery develops.

TITradingView Ideas11h ago