🚀 XRP is on a rollercoaster ride, soaring 26.5% to $1.95, its highest since April 2021! Rumor has it the NYDFS might bless Ripple's RLUSD stablecoin soon. But hold your horses, crypto cowboys—three indicators suggest XRP might need a breather.
- XRP hit the resistance of its ascending channel, hinting at a possible 20% dip.
- The RSI is overbought, signaling buyer fatigue.
- Whales are cashing out, with 30 million XRP sold recently.
Meanwhile, the derivatives market is buzzing with a 37% spike in open interest. Could this leverage frenzy lead to a liquidation avalanche? Share your thoughts below! 💬