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XRP Price Holds Firm on Binance as Selling Pressure Faces Absorption Phase

  • XRP open interest has climbed, signaling renewed trader activity despite prior liquidation drop from $1.5B to $530M.
  • XRP price is holding at $2.36 while short pressure grows, indicating a possible sell-side absorption phase.
  • XRP has entered a decisive trading phase on Binance futures, characterized by a tug-of-war between buyers and sellers.
  • Market data indicates XRP is currently priced at $2.36, with trading volume falling by 39.43% to $3.31 billion in the last 24 hours.

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