XRP trades near $1.30, with $1.25 support representing the immediate technical test for the price. Exchange reserves have climbed to 11.81 billion tokens, the highest level in one year, creating a potential selling pressure risk if holders liquidate positions. XRP open interest rose 2.5% over 24 hours to $1.40 billion, signaling a rebuilding of derivatives exposure. US spot XRP ETFs recorded a $1.84 million weekly net outflow for October 12-16, ending a 13-week inflow streak. A break below $1.25 would put $1.00 in focus, with elevated reserves adding to the challenge of absorbing available supply.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
