Key Points:
xrp(XRPRipple and the Securities and Exchange Commission (SEC) have grown more than 10% since Thursday Agree to dismiss his legal appeal each other.
XRP futures exceed Solana
According to OnChain Data Resource Glass node.
The rise in futures volume usually reflects an increase in traders’ interest and speculative positioning, especially after major news events. In the case of XRP, this is the end of long-term operation SEC vs Ripple lawsuit.
Open interestThis shows the value of unrelocated futures contracts, which also increased by 15% to $5 billion.
XRP’s positive daily financing rate is 0.01%, indicating that most traders are on longer positions and there is expected room for further upside.
Glass Node warns that a large number of long-term positions can also increase downside risk. This suggests that if the price drops from current levels, it may face liquidation by liquidators, which may accelerate corrections.
XRP’s cost-based allocation data shows that the range of $2.80-2.82 is the largest supply group, obtained at these prices in more than 1.7 billion tokens.
If the price is returned, this holder concentration can serve as a key support level, as many profitable traders may defend their entries.
XRP price technical tips 35% ahead of schedule
XRP’s rise further leads to its price exceeding Cow Flag Chart pattern. Its roll rises next to it, confirming the momentum behind it.
Traditional analysts measure the bull flag’s upside target by adding the height of the previous uptrend to the breakpoint.
For XRP, this suggests that the target is above $4.50, and by September or October, about 35% higher than the current level.
potential The Fed lowers in September Risk assets such as XRP may further fuel.
The $4.50 target has responded to multiple analysts in recent weeks.
Among them is Mikybull Crypto, he predicts XRP price to climb to $5-$8 By the end of 2025, and Dom, who projection $10.
This article is for general information purposes and is not intended to be considered legal or investment advice. The views, thoughts and opinions expressed here are the authors alone and do not necessarily reflect or represent Cointelegraph’s views and opinions.
