Altcoins News

Story: XRP Spot Demand Hits June Highs While Derivatives Traders Stay Cautious Near $1.12

By Sydney TheCMO

1 / 15

Technical Picture: MACD Buyers vs. Overbought RSI. XRP pushed up recently but couldn't hold above $1.14.

2 / 15

Ripple Developments and the LiquidChain Presale. Ripple's ongoing work keeps showing up as a medium-term support narrative for XRP.

3 / 15

XRP is trading between $1.10 and $1.12. Down roughly 2% over the past day, the coin can't seem to catch a clean bid — but something interesting is happening underneath the surface.

4 / 15

Spot demand for XRP has jumped to its highest levels since June. That's a notable divergence from the price action, which looks pretty tired on the surface.

5 / 15

XRP pushed up recently but couldn't hold above $1.14. Profit-taking came in and cooled the momentum pretty quickly.

6 / 15

Short-term momentum is clearly cooled. But the MACD holding bullish while RSI flashes overbought is one of those mixed signals that makes XRP hard to read cleanly right now.

7 / 15

If buyers can't hold the current range, sellers could regain control and push a recovery further out.

8 / 15

Ripple's ongoing work keeps showing up as a medium-term support narrative for XRP. Institutional interest and ETF speculation haven't gone away, and those factors continue to…

9 / 15

Read also: Ripple Mints New RLUSD Function While XRP Stalls Below $1.11 Resistance

10 / 15

Resistance near recent highs stays the critical level for bulls. Getting above $1.14 and sustaining it — that's the test.

11 / 15

And then there's LiquidChain. The project is drawing attention alongside the XRP narrative, aiming to build a unified cross-chain execution environment that ties together…

12 / 15

Worth noting: LiquidChain's presale traction doesn't directly move XRP's price. It's a separate project.

13 / 15

Spot demand at its highest since June. Derivatives traders sitting on their hands. MACD still favoring buyers. RSI flashing overbought.

14 / 15

That's a lot of competing signals packed into a coin trading in a two-cent range.

15 / 15

Read also: XRP ETFs Now Hold Record 1.47% of Total Supply Before Senate Crypto Vote

The Currency Analytics

Want the full story?