Follow me ❤🤝
🚀 XRP is on a rollercoaster ride, surging 26.5% to $1.95, its highest level since April 2021! Rumor has it that the NYDFS could soon bless Ripple’s RLUSD stablecoin. But hold on, crypto cowboys — three indicators suggest XRP may need a break.
- XRP hits resistance in its ascending channel, signaling a potential 20% drop.
- The RSI is overbought, indicating buyer fatigue.
- Whales are pulling money, with 30 million XRP recently sold.
Meanwhile, the derivatives market is abuzz with a 37% surge in open interest. Could this leverage mania lead to a liquidation crash? Share your thoughts below! 💬$XRP