🐳⬆️ ¡$XRP IN SIGHT! Whales absorb sales and bullish pattern suggests takeoff.
The price of XRP closed its fifth consecutive week in positive, showing consolidation and reactivation of speculative interest 🔥. Data from Binance reveals a steady increase in open interest in futures of #xrp over the past month 📈, suggesting a renewed appetite from traders and possible volatility. The funding rate remains neutral 🤔, indicating a balance between bulls and bears.
Despite strong selling pressure reflected in the taker buy/sell ratio below 1 🐻, the price of XRP remains strong 💪. Analysts point out that this absorption of sales by solid demand is a potentially bullish signal 🚀.
Technical analysis supports this possibility, with the formation of a bullish pennant 🚩 on the price chart of XRP since its all-time high of $3.4. This pattern usually culminates in an upward movement, which could drive XRP to new record prices 🏆.
This momentum occurs in a context of widespread risk appetite in the markets, driven by the de-escalation of Trump's tariff war 🤝 and the Federal Reserve's decision to keep interest rates unchanged 🏦. If the macroeconomic situation continues to improve 😊, XRP could benefit significantly.
Do you think the absorption of sales and the bullish pattern will drive XRP to new highs? 🚀 What impact will the macroeconomic situation have on XRP's future price?
If you liked it, remember to follow me, like it, and share 👍
