coindesk
XRP Buildout Near $2.40 Could Precede Sharp Relief Rally if Whales Ease Pressure
Related Cryptocurrencies
XRP
XRP
$2.46
-1.53%
TL;DR
XRP's price nearing $2.40 could trigger a significant relief rally if pressure from whales decreases, as futures open interest dropped by 50% to $4.22B due to forced deleveraging by market makers amid macro and regulatory uncertainties.
Summary
XRP's price nearing $2.40 could trigger a significant relief rally if pressure from whales decreases, as futures open interest dropped by 50% to $4.22B due to forced deleveraging by market makers amid macro and regulatory uncertainties.
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