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#mercardoderiple XRP sales on Binance are being heavily absorbed
A growing accumulation trend helps to neutralize the selling pressure on Ripple's cryptocurrency.
The third largest cryptocurrency by market capitalization, XRP, closed its fifth consecutive week with a positive return. This continuity marks a consolidation of momentum, which offers a good signal for its price, while its speculative market begins to reactivate.
According to data from Binance (the largest cryptocurrency exchange in the world) shown by the CryptoQuant explorer, open interest —which measures the capital in active futures contracts— of XRP has been consistently increasing for the past month.
A growing accumulation trend helps to neutralize the selling pressure on Ripple's cryptocurrency.
The third largest cryptocurrency by market capitalization, XRP, closed its fifth consecutive week with a positive return. This continuity marks a consolidation of momentum, which offers a good signal for its price, while its speculative market begins to reactivate.
According to data from Binance (the largest cryptocurrency exchange in the world) shown by the CryptoQuant explorer, open interest —which measures the capital in active futures contracts— of XRP has been consistently increasing for the past month.
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