Journalist
- XRP ($3.19)’s selling pressure has been waning in the near-term, based on metrics and price action
- Rising leverage ratio was a result of bullish optimism, but also a warning to futures/perp traders
XRP has been in the news this week after it hit a 7-year high and pushed beyond the $3-mark on the charts. Since 01 January, the altcoin has gained by 52%, with whale accumulation being strong too. In fact, whales have bought more than 1.4 billion XRP in the last two months – A 35% hike in demand.
Metrics also revealed reduced deposits of XRP to exchanges….
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