📊 XRP Warning Signs: Rising Exchange Balances May Signal Sell-Off

Despite strong derivatives activity, short-term risks mount for XRP bulls.

🔍 Key Insights:

• 📉 Price: $2.22 — down 1% today

• 🏦 Exchange Balances Surge: From 3.23B → 3.41B XRP in just 2 weeks

• ❗ Glassnode: Rising balances often mean incoming sell pressure

🧮 Derivatives Say One Thing...

• XRP Futures Open Interest (OI) up 23.2% from June lows

• Ongoing demand in futures contrasts with weakening spot metrics

🌐 On-Chain: XRP Ledger Slows

• Just 4,389 new XRPL addresses on Thursday

• Far below the 31,840 daily peak seen in late 2024

• Shrinking growth = shrinking demand

🛠️ Ripple’s Real-World Play

• Ripple pushing ahead with Ripple Payments + RLUSD bridge

• Regulated fiat-crypto connectivity may boost long-term XRP adoption

📉 Support Zones to Watch:

• EMA50: $2.20

• EMA100: $2.18

• EMA200: $2.19

• Key support: $2.15 → $2.07

⚠️ Short-term caution, long-term potential. Monitor whale moves + address growth for clues.

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