XRP Futures Volume +200%, Don Break Bull Flag, Eye $4.50
XRP futures volume don burst pass 200% inside past 24 hours reach $12.4 billion, pass Solana wey get $9.6 billion after dem dismiss Ripple legal appeal with SEC. Open interest naik 15% reach $5 billion, plus positive 0.01% funding rate show say long people dey bias. Cost-basis heatmap show say strong support dey for $2.80–$2.82, wey over 1.7 billion XRP dey hold. Technically, XRP break pass bull flag pattern with confirm volume, dey show say target na $4.50 by September or October. People dey expect Fed rate cut this fall fit make risk assets like XRP move even higher. With XRP futures volume climbing and chart signals dey bullish, traders need watch as overleveraged longs fit make liquidation risk high and make sure say dem defend $2.80 support zone.
Bullish
Di rising volume and open interest for XRP futures, plus di positive funding rate, show say traders get strong belief and liquidity dey increase. Di breakout of di bull flag pattern with confirming volume dey support near-term move go di $4.50 target. Cost-basis data dey show solid support at $2.80–$2.82, wey reduce downside risk. Plus, di expected Fed rate cut dis fall fit boost risk assets more, wey go support long-term upside. Even though traders suppose manage liquidation risks from overleveraged positions, di overall setup still dey bullish for XRP.