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XRP Near $1: Is Futures Trading Enough for a Recovery?
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XRP Near $1: Is Futures Trading Enough for a Recovery?
Key Takeaways XRP is trading near $1 after reaching an intraday low around $0.987. Price is testing a descending trend line but remains below the 50-, 100- and 200-day SMAs. CoinGlass reported about $1.23B in XRP futures volume, versus $152.9M in spot volume. Futures-heavy trading shows market activity, not whether buyers or sellers are in control. $1.02-$1.04 is the first recovery zone; the 50-day SMA near $1.075 is the next hurdle. XRP Is Tes…
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