$BTC 🐳⬆️ ¡$XRP IN SIGHT! Whales absorb sales and bullish pattern suggests takeoff.
The price of XRP closed its fifth consecutive week in positive territory, showing consolidation and reactivation of speculative interest 🔥. Data from Binance reveals a steady increase in open interest in futures of #xrp over the past month 📈, suggesting a renewed appetite from traders and potential volatility. The funding rate remains neutral 🤔, indicating a balance between bulls and bears.
Despite strong selling pressure reflected in the taker buy/sell ratio below 1 🐻, the price of XRP remains strong 💪. Analysts point out that this absorption of sales by solid demand is a potentially bullish signal 🚀.