๐ ๐ฅ๐ถ๐๐ถ๐ป๐ด ๐๐ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ ๐๐ฎ๐น๐ฎ๐ป๐ฐ๐ฒ๐ ๐ฆ๐ฝ๐ฎ๐ฟ๐ธ ๐๐ฎ๐๐๐ถ๐ผ๐ป ๐ณ๐ผ๐ฟ ๐ซ๐ฅ๐ฃ ๐ฅ๐ฒ๐ฐ๐ผ๐๐ฒ๐ฟ๐
XRPโs short-term outlook remains shaky despite solid derivatives activity. Over the past two weeks, exchange balances have surged from 3.26B to 3.41B XRP (+4.4%), signaling possible investor sell-offs.
๐ Key Highlights: โข Price: $2.22 (-1% daily), despite active demand in the derivatives market.
โข Futures OI: Up 23.2% since June lows, now at $4.61B, showing strong speculative interest.
โข Exchange Holdings: Rising balances often hint at incoming selling pressure.
โข New XRPL Addresses: Still below 5,000 (4,389 as of Thursday), suggesting weak organic demand.
๐ Network growth remains modest โ a concern, given that during the Q4 2024โQ1 2025 rally, XRPL addresses peaked at 31,840. This stagnation hints at low retail interest and could weigh down price momentum.
๐ก Rippleโs Positive Development:
Ripple continues to build a regulatory bridge via Ripple Payments and the RLUSD stablecoin, which could fuel future XRP adoption and network utility.
๐ Key Support Levels:
โข 50 EMA โ $2.20
โข 100 EMA โ $2.18
โข 200 EMA โ $2.19
โข Stronger supports: $2.15 (tested Wed) and $2.07 (June 27 low)
๐ง Caution advised โ watch for exchange flows and address growth before expecting a strong bounce.