XRP, the third cryptocurrency of large capital, closed for five consecutive weeks, with positive returns. This continuity indicates the integration of impulses, providing a good indication of its price, and the speculative market begins to reinvigorate.
According to Binance data (the world’s largest cryptocurrency exchange) shown by Cryptoquant Explorer, open interest in measuring capital in XRP’s future asset contracts has been steadily increasing over a month.
Until then, XRP’s open interest had continued to fall after reaching the previous $1.5 billion (USD) late last year.
this This means that new appetites from traders position themselves in this market and suggests perhaps greater price volatilitywarning analysts and traders Boris Verele.
This can be seen in the following graph:
The funding rates – indicators – revealing operator bias in future contracts remain on neutral terrain, reflecting the obvious balance between bullish and bassist bets. This reflects an improvement in the market sense as the price was negative before it rebounded.
On the other hand, the radius of Buy and sell takers The measures taken in the operation of buyers and vendors are below 1, reflecting strong market sales pressures, as shown below. However, this does not have a negative impact on prices.
“If this pressure continues, but the price is maintained, there is a high chance of absorption and a potential bullish signal,” analysts say. In other words, it means that general demand is stronger than sales.
For specialists, Binance’s XRP data shows the market Active sales find strong absorption. “This quiet accumulation may be an early sign of upward takeoff,” he says.
Technical analysis supports the possibility of bullish breakdowns
In addition to derivative market data, Technical analysis of XRP price charts shows formation of positive numbers: A bullish flag.
This pattern occurs when assets experience a strong rising movement followed by a price reduction stage. The maximum and minimum values narrow until converge at the point, creating a triangle with a tip on the right.
This type of figure is that XRP prices appear to be formed from the historic maximum of 3,4, which reached January. Usually completed with bullish movements. This could mean a rise in this cryptocurrency at a new record price if this pattern is completed.
The increase from XRP to USD 3,4 exceeded what was previously a record of USD 3,3, which was a level that had reached seven years ago. Therefore, it is expected that the market is aiming to recover in such a price range before a sustained bullish trend.
The rise to the new record was motivated by the expectation that the SEC, a US regulator on the stock market, left a demand for XRP issuer Ripple. The president said he would end lawsuits and policies that would hinder the development of the cryptocurrency industry.
XRP impulses occur in the broader context of risk appetite
The recent recovery in XRP was revised in US actions and cryptocurrency after the “war” of import tariffs established Trump. With the suspension of these measures, advances in international negotiations, and the achievement of the initial agreement, the market has acquired an impulse.
These tax suspensions temporarily eliminated fears about rebounding inflation and the possibility of a recession in the US economy. As a result, our appetite for risky assets such as cryptocurrencies has been revitalized.
Additionally, Trump publicly said: “They should leave their actions and buy now.” The phrase strengthened the optimism of the stock market and even cryptocurrency.
Also, last week’s acceleration Responded to the decision of The Federal Reserve System to Prevent Interest Rates Changeswithout adopting a more restrictive tone for the future. This has maintained hopes that two fee cuts projected by the Central Bank this year will be completed.
Therefore, XRP can benefit if the macroeconomic situation continues to improve. Otherwise, it is important to consider the risks of this scenario, as current rebounds can lead to impulses.