$XRP
XRP's current price on Binance is $3.04, with a 7.64% increase in the last 24 hours. The market cap stands at $170.20 billion, indicating a relatively stable position in the cryptocurrency market. However, top Binance traders have been cutting their bullish exposure, with the long-to-short ratio dropping from 3.57 to 2.87 in less than 24 hours.
*Key Factors Influencing XRP's Price:*
- *Falling Wedge Pattern*: XRP's chart displays a falling wedge pattern, which is a bullish technical formation that could signal a potential breakout to the upside, targeting $5.20.
- *Whale Activity*: Large wallets have sold about 460 million XRP tokens in the past week, while smaller wallets accumulated 130 million tokens, indicating mixed sentiment across investor groups.
- *Futures Open Interest*: Futures open interest fell from $10.9 billion to $7.5 billion, and the broader long/short ratio dipped below 1, reflecting caution among traders ¹ ².
*Market Outlook:*
The Relative Strength Index (RSI) stands at 40.54, close to oversold conditions, which could lead to a potential upside recovery if
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