Peter Smith
XRP just jumped 5% and everyone's asking if this is real or another fake-out. Trading at $2.92, the coin is showing some interesting signals.
XRP Futures Show First Buying Pressure Since July
Here's the big news: XRP's taker buy/sell ratio went positive yesterday for the first time since July 10, according to CryptoQuant. This means more people are buying than selling in futures markets - a pretty big shift.
XRP's "liveliness" also dropped from 0.8152 to 0.8150 since August started. This tracks when long-term holders move coins, and the decline suggests big holders stopped selling and might be accumulating again.
Will XRP (Ripple) Price Hold $3 or Drop to $2.87?
With less selling pressure, XRP could hold above $3. If accumulation continues, we might see $3.22, then $3.33.
But there's a catch - big holders are still selling $28 million daily while others bought 310 million tokens during the dip. It's buyers vs sellers right now.
Fail to break resistance? XRP could drop to $2.87. Analysts expect trading between $3.15-$3.42, with $3.15 as the key support.
For 2025, predictions range from $2.05 to $5.81 depending on institutional adoption. BlackRock showing up at Ripple's conference suggests big money is watching.
Bottom line: XRP's at a turning point. Data looks better but price action is still choppy. Whether this 5% jump becomes something bigger depends on holding above $3.
Peter Smith
