XRP again makes the headlines. Cryptocurrency is now negotiated above $ 2, arousing new excitement through the market. Investors look carefully – and for a good reason. Discussions warm up around XRP, perhaps becoming the next crypto to win an ETF spot approval in the United States, after Bitcoin and Ethereum.
Although the long -term image seems promising, short -term signals are a little more cautious. Trading models to analysts’ predictions, many things happen below the surface.
Here is a more in -depth examination of what stimulates the momentum of XRP, of what holds it and why this week could be more important than it seems.
Option traders play defense
Even with all the excitement, the trading data of options tell another story. On Deribit – One of the largest crypto options – traders have been more interest in purchase put options. These are generally used to protect or take advantage of the drop in prices.
In simple terms: more traders think that XRP could fall before it goes up above.
This feeling is supported by what is called a “negative option on the bias”. This means that Put demand is higher than for calls on several deadlines. It is a signal that traders are always nervous about the short -term performance of XRP, even with discussions ETF at stake.
The technical side of things does not offer much comfort either. XRP recently fell from a ascending corner Diagram, which usually points to a weakening trend. For this reason, some analysts think that the price could be belted to $ 1.60 – unless something positive is changing the momentum.
XRP liquidity advantage
But this is not all bad news. A strong point for XRP is its solid command book. Compared to parts like Solana, XRP can manage major professions without causing wild price oscillations. This type of stability could use regulators when they plan to approve an ETF.
Another reason why XRP is always part of the ETF discussions is its case of real world. Ripple continues to promote it as a global payment solution. It is a big plus, especially since many other altcoins are always looking for real use.
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Good opportunity to come!
Even if the idea of an FNB gives hope to long -term investors, short -term traders pay attention. Without a strong movement up or major regulatory progress, the price of XRP can continue to feel the pressure.
However, some believe that a turning point can be close.
Crypto Egrag Crypto analyst says this week could be essential. He notes that the weekly XRP candle is currently above $ 2.10 level and the 21 -week EMA (exponential mobile average) – a sign that could suggest a strength.
According to Egrag, the real XRP test is $ 2.25. If the room can close the week with a strong candle above this level, it could confirm a reversal of bullish trend. He even suggests that the bottom of April 7 could have been the background.
He does not only call a resistance of $ 2.25 – he describes it as a “locking” point for a new upward trend.
So where does that leave us? XRP is currently captured between two forces: long -term optimism around ETFs and the use of the real world, and short -term doubts shown on the graphics and options market.
This week’s candles are closed could be the decisive factor. Whether XRP breaks or withdraws, what happens then could set the tone for its next big movement.
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