The Currency analytics
By Sakamoto Nashi
Bitrue saw massive buying Tuesday. XRP spot purchases surged 212% on February 26, with institutional money flooding into new exchange-traded funds that now hold $1.
The exchange posted on X that institutional investors can't get enough XRP right now. ETF inflows hit $1.
CryptoQuant numbers show futures open interest dropped hard across major platforms over 90 days. Binance cut 7.
XRP trades around $1.44 currently, up nearly 5% in 24 hours but still down 23% over the past month. Year-over-year performance looks ugly at minus 38%.
CoinGlass reports open interest near $2.37 billion, with leveraged positions shrinking across the board.
Support levels sit at $1.11 and $0.87, giving the token some cushion if selling picks up. But the real action seems to be in spot markets where actual buying and selling happens,…
Bitrue thinks supply squeeze coming soon. The exchange believes sustained retail and corporate demand will create shortages that boost XRP against competitors in 2026.
Market analyst CasiTrades said breaking $1.40 resistance needs "substantial momentum driven by ETF inflows and heightened trading activity.
The futures market contraction might signal strategic shift among traders who prefer spot over derivatives after recent volatility burned them.
February 26 marked a clear divergence between spot and futures activity. While Bitrue reported massive spot buying, futures traders pulled back from leveraged positions across…
CasiTrades pointed out that XRP's resistance at $1.40 remains critical threshold for any meaningful upward movement.
Despite mixed signals from different market segments, sentiment around XRP stays cautiously optimistic.
Key players haven't made strategic adjustments yet. The interplay between spot and futures markets keeps shifting as traders adapt to new conditions.
Bitrue emphasized Tuesday that ongoing XRP ETF interest could tighten available supply further.
Futures market stays subdued despite spot strength. CoinGlass data confirms traders are pulling back from leveraged positions due to heightened risk environment.