The XRP Liquidation Frenzy Explodes! $1 Billion in Open Contracts Ignites Bull Market Expectations!

XRP price skyrocketed to $2.61, soaring 22% in the past 7 days, far exceeding the overall market performance, with trading enthusiasm at an all-time high.

Open contracts surged 40%: Funds flood in betting bullish

In just one week, XRP futures open contracts surged from $2.42 billion to $3.42 billion, an increase of over 40%. This means that a large amount of capital is flowing into the market, with traders betting that XRP will continue to break through.

Strong technicals, momentum continues to build

XRP price remains above the 10-day, 50-day, and 200-day moving averages, and momentum indicators show that the upward trend remains strong, with the rise not yet peaking.

ETF funds continuously flowing in, institutional interest surges

XRP-related ETFs have seen net inflows for five consecutive weeks, with an additional $14 million last week, bringing total assets close to $100 million, as investor enthusiasm remains high.

Bullish probability as high as 79%, capital scale may explode

Market predictions indicate a 79% chance of approval for the spot XRP ETF, with large institutions expecting first-year funding to reach $8 billion, propelling XRP prices to new highs.

Beware of pullback risks

Although the bullish momentum is strong, if it falls below the 50-day moving average or faces regulatory delays, the upward trend may encounter resistance. Investors need to pay attention to technicals and regulatory developments, staying alert to rapid pullbacks.

Summary: The XRP bull market is on the verge of taking off, with a flood of capital suggesting a major explosion, and the liquidation frenzy is about to ignite!