Oh, look! XRP has climbed 10%-a fleeting victory for the desperate traders! 🐻
On-chain data reveals the grand spectacle of institutional participation, while long-term holders (LTHs) cling to their coins like a child to a teddy bear. Yet, despite the bullish cheer, technical signals whisper of doom, as a bearish divergence sneaks in like a thief in the night. 🕵️♂️
Institutions Bet on XRP as Long-Term Holders Pull Back From Selling
This month has been a rollercoaster of institutional bets on XRP, with open interest on CME soaring to 384,500 XRP. A 10-day high, no less! 🎉 But what does it mean? Perhaps the titans of finance have finally found a toy to play with. 🤝
For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. 📰
The rise in CME open interest is a tale of giants, reflecting growing institutional exposure. A trend often tied to deeper liquidity and stronger price discovery. Unlike retail-driven chaos, institutional flows bring calm… or so they claim. 🌊
Thus, XRP’s rally is backed by long-term capital, not the whims of day traders. A noble endeavor, if you ignore the fact that “long-term” is just a fancy word for “I don’t know what I’m doing.” 💸
Moreover, XRP’s on-chain Liveliness metrics have dipped, a sign that long-term holders are locking their coins away like treasure. At 0.81, it’s a 52-day low. A sad day for those who thought they’d sell at $3. 🛡️
Liveliness measures the movement of dormant tokens. When it plummets, it means long-term holders are hiding their coins, like a child afraid of the dark. 🌑
On the flip side, when Liveliness falls, it’s a sign of resilience. Or, as I like to call it, “I’m not selling, but I’m not buying either.” 🤷♂️
XRP’s Bull Run Faces Resistance as Bearish Divergence Emerges
But not all is well! The XRP/USD one-day chart shows a Chaikin Money Flow (CMF) below zero, a bearish divergence that screams, “This is a trap!” 🐻❄️
The CMF indicator, that reliable friend, has dipped below zero, painting a bleak picture. It’s like a weather forecast that says, “More rain, but maybe tomorrow?” 🌧️
This puts XRP at risk of crashing down to $2.69. A fate worse than death for hopeful investors. 🙀
Yet, a return of retail accumulation and institutional love could push XRP to $3.11. A dream, perhaps, but a dream nonetheless. 🌈
Read More
- DOT PREDICTION. DOT cryptocurrency
- Brent Oil Forecast
- GBP CNY PREDICTION
- Gold Rate Forecast
- SOL PREDICTION. SOL cryptocurrency
- LTC PREDICTION. LTC cryptocurrency
- XDC PREDICTION. XDC cryptocurrency
- SEI PREDICTION. SEI cryptocurrency
- USD CLP PREDICTION
- Bitcoin’s Big Gamble: Binance’s Surge & $180K Dream 🚀
2025-09-11 12:37