Overview

• XRP price rebounded from the $3.07–$3.12 zone after dipping below $3.20 and cleared a bearish trend line at $3.12, signaling a potential short-term recovery.
• Twenty-four-hour trading volume remains elevated above $8 billion while futures open interest has fallen by around 7%, indicating long-liquidations and profit-taking.
• Options open interest surged by over 38% and long/short ratios on major exchanges stayed high, reflecting mixed sentiment among derivatives traders.
• On-chain data from Glassnode shows long-term holders realized $845 million in losses in a single day, marking one of this month’s largest sell-offs.
• Market participants are eyeing the outcome of the Ripple vs SEC lawsuit and potential XRP ETF developments as key catalysts for the next sustained move.