📢🚨 Ripple News #Xrp🔥🔥 🚨 📢
♦️Ripple XRP derivatives show signs of stability on Monday
✅XRP increased for three consecutive days, trading above $2.50 on Monday.
✅The funding rate for XRP futures contracts stabilized as bulls seek to regain control of the trend.
✅Open interest in XRP futures contracts remains compressed at around $4 billion, indicating a lack of confidence among traders in the recovery.
✅Ripple (XRP) regains momentum, trading above $2.50 on Monday as cryptocurrencies rise overall, providing some relief to investors after the sharp sell-off last week.
♦️XRP derivatives market indicators are stable
✅The sell-off on Friday can be attributed to several factors, including macroeconomic tensions, uncertainty regarding the U.S. government shutdown, and a lack of conviction in the cryptocurrency market's ability to maintain a bullish outlook throughout October.
✅Comments from U.S. President Donald Trump regarding the trade situation with China on Friday raised concerns among investors, leading to a violent sell-off across markets, including stocks and cryptocurrencies.
✅President Trump discussed imposing additional tariffs on China, referring to planned restrictions from Beijing on the export of rare earth metals and other export controls.
