9 hours ago
XRP Long Squeeze Setup: Why Rising Open Interest Could Spark a Sharp Reversal
TLDR: XRP’s Open Interest has spiked sharply, pointing to aggressive position-taking in the futures market. XRP’s stable Market Cap suggests large holders are not yet distributing, reducing short-term crash risk. An overheated NVT Ratio shows XRP’s valuation is outpacing on-chain activity, making rallies fragile. The most probable XRP near-term scenario is an upside squeeze followed [...]
The post XRP Long Squeeze Setup: Why Rising Open Interest Could Spark a Sharp Reversal appeared first on Blockonomi.
Source: Blockonomi →Related News
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