XRP triples Bitcoin returns as $1.81B volume surges
XRP rallied about 6.34% to around $1.44 this week, outpacing Bitcoin with roughly triple the upside. Spot plus derivatives activity jumped to about $1.81B in a single day, highlighting renewed trader focus on XRP.
The key level is the $1.44 resistance zone, repeatedly tested and rejected over the last two weeks. Short-term momentum looks stretched: the daily RSI is 67.7. If XRP loses strength, support sits near $1.38 (around the 50-day moving average), with a potential extension to $1.35 on a deeper breakdown.
Derivatives signals are constructive but not euphoric for XRP. Open interest stands at about $414.8M and funding rates are near-flat at 0.0015%, suggesting longs are not overly crowded and reducing the risk of sudden liquidation cascades.
Still, broader risk sentiment remains cautious, with the Crypto Fear & Greed Index at 23 (Extreme Fear). Traders will likely look for a daily close above $1.44 and a reclaim of it as support. Upside is next eyed around $1.54 near the 200-day moving average, while rejection at $1.44 could quickly cap gains.
Neutral
XRP shows strong, volume-led momentum (rally to ~$1.44, spot+derivatives volume ~$1.81B, funding near flat), and derivatives data suggests leverage is not overly crowded—typically supportive for continuation. However, the price is repeatedly rejected at the $1.44 resistance zone, and the daily RSI near 67.7 flags short-term overbought risk. With broader sentiment still in Extreme Fear (FGI 23), follow-through depends heavily on whether XRP can close daily above $1.44 and reclaim it as support. Failure would likely trigger a pullback toward $1.38 and potentially $1.35, capping upside toward $1.54.