Hark! It appears our fair XRP doth stubbornly defend the princely sum of two dollars – a psychological bulwark, if ever there was one! One might almost suspect a quiet conspiracy amongst the buyers… but alas, one cannot be certain.
’Tis reported, by diligent scribes at AMBCrypto, that Ripple has joined hands with LMAX, offering a stablecoin named RLUSD. A partnership, you say? Such maneuvers, they claim, are part of a grand, long-term scheme. Me thinks they’re trying to distract us with novelty! Will it move the price? Perhaps… eventually. Patience, dear friends, patience. 🙄
Further pronouncements speak of a curious pattern – an ‘inverse head and shoulders,’ they call it – appearing upon the charts. ‘Tis said to portend a bullish uprising, a joyous surge in value. But charts, like prophets, are oft mistaken.
Observe now! A steady exodus of XRP from the exchanges, a sign, they say, of accumulation. Yet, a high ratio of Longs to Shorts doth warn us: the bulls are overconfident, ripe for a swift humbling! Expect a shake-up, a little turbulence, to weed out the faint of heart. A most amusing spectacle, if one is not invested, naturally!
And the whales, those leviathans of the market? They remain strangely quiet, not unloading their holdings. A display of conviction, they proclaim! Or perhaps, merely hoarding, awaiting a more opportune moment to… well, let us not dwell on such mercantile thoughts. 🤫
Signs that XRP could be forming a local price bottom
A keen-eyed analyst, one PelinayPA, doth observe that when these ‘Funding Rates’ turn positive – a most curious phenomenon – the price tends to pause, to breathe, and perhaps even retreat a little. For maintaining a long position doth come at a cost, and a squeeze, they warn, is always a possibility! But fear not! For as of this very moment, the opposite transpires, and the price remains above that sacred $2. A most favorable omen, indeed! 🧐
The general mood is, thankfully, lacking in excessive zeal. Any dip in price, therefore, is likely to be merely a fleeting stumble, not a precipitous fall. Should those Funding Rates dare to turn positive, expect a bullish exertion from our XRP!
Another observer, a TopNotchYJ, points to a ‘taker buy dominance’ in the Spot CVD. Meaning, aggressive purchasing, it seems. And large whales have been placing noteworthy orders of late. A flurry of activity! Or perhaps just a cunning ruse? One can never be quite sure. 🤨
Behold! The ‘Cost Basis Distribution Heatmap’ reveals the importance of the $1.96 to $2.0 range as a bastion of support. A high concentration of supply resides there. A breach of $1.96 and, alas, bearish melancholy shall descend. But the bulls must also remain vigilant at $2.15, where resistance doth loom, a troublesome barrier to further ascent.
Final Thoughts
- The funding rates and this ‘buyer-dominated spot CVD’ indicate a tendency towards an increase in XRP’s value. A most promising sign!
- The Heatmap doth reveal the crucial support and resistance zones, a guide for the discerning investor.
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2026-01-18 16:11