In Brief XRP open interest surged by $1.6 billion this week, reflecting bullish trader sentiment and anticipation of price recovery. Positive funding rates and active positioning show traders are optimistic, but loss-heavy transaction volumes signal caution. Consolidation persists between $2.18-$2.73; breaching resistance could target the $3.31 ATH, while support failure risks $1.94. XRP has struggled…
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In Brief XRP Open Interest plunged $1 billion in 24 hours, reflecting growing trader skepticism about a price breakout. Price DAA Divergence signals bearish sentiment, with declining participation and consolidation under $2.73 resistance. XRP risks dropping below $2.00 support but could aim for $3.31 ATH if broader market conditions turn bullish. XRP has been consolidating…
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In Brief The Shiba Inu burn rate reached a new high, with 191.69% increase in 24 hours ending on Feb. 9, 2024, burning 7.65 billion SHIB. The SHIB token price is up by 3.30% in the past week and 0.9% in the past 24 hours, trading at $0.000009427 amidst recent burns. New registrations in the…
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In short Dogecoin (DOGE) cost retested $0.09, denoting a 20% month to month gain, with bullish whales purchasing huge sums. Regardless of rising costs, Dogecoin is drawing in new cash, with its New Reception Rate arriving at a 4-month top. A 30% expansion in Open Interest demonstrates high-risk conduct among brokers, which could influence DOGE’s…
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The XRP derivative market indicates strong positive sentiment, some expect the SEC lawsuit to conclude soon. Since March 24, the XRP Perpetual Futures Open Interest (PFOI) has increased significantly to approximately $610 million at its peak. Open interest alludes to the quantity of open prospects contracts merchants hold toward the finish of an exchanging day.…
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