XRP Outperforms Ethereum with 80% Supply in Profit
Recent blockchain data shows XRP leading Ethereum in profitability, with 80% of XRP holders seeing gains compared to 61% for Ethereum. This performance gap suggests stronger investor confidence in XRP, potentially driving further market interest. The trend highlights XRP’s growing strength in the cryptocurrency sector.
XRP Derivatives Market Shows Growing Interest
Data from Coinglass indicates XRP’s derivatives open interest rose 4.95% to $4.20 billion. This metric, tracking unsettled futures and options contracts, serves as a key indicator of market activity. The increase points to heightened trader engagement and possible institutional involvement.
Analyst Predicts Potential Price Surge
Market expert Lingrid identifies a potential accumulation pattern in XRP’s trading activity, suggesting a possible move toward $2.30-$2.35. “XRP found support between $2.00-$2.05 after testing the IMB zone,” Lingrid noted. “The emerging pattern following a wedge breakout suggests building momentum.” Such technical formations often precede upward price movements.
Ripple Nears Resolution in SEC Case
Ripple CEO Brad Garlinghouse announced plans to withdraw the company’s appeal in its long-running dispute with the U.S. Securities and Exchange Commission (SEC). This development could pave the way for new financial products tied to XRP, including potential exchange-traded funds.
