Sun 09. March 2025 ▪
3
min at reading ▪
In the last few days, the crypto market has cooked. With an exchange of 1.43 billion XRPs in just 24 hours, investors are interested in: Simple market movement or beginnings of radical change? While some consider it an opportunity, others are afraid of speculative manipulation. Decrypting.
Crypto: Will XRP finally exceed $ 3?
The XRP crypto is a mystery. While its exchange volume explodes, its price plays shy. Since its peak to $ 3.84 in 2018, the curl of the ripple seems to be stuck in the area of uncertainty. With the peak of open interest and exchange volume to $ 7.38 billion, the question is on the lips of everyone: is XRP ready to fly around $ 3?
Current data indicate a decrease of 8.97 % for the same period of 24 hours, despite an increase in open interest. In other words, speculators stand up, but the market remains undecided. This type of configuration can announce brutal conversion. Everything will depend on the trigger factor.
Adding XRP to the American strategic reserve (SCR) could serve as a catalyst. However, the impact on the price remains shy.
Investors oscillate between optimism and distrust, while liquidity will continue to flood the market. It remains to be determined whether this pressure will end with an interruption of $ 3 or whether XRP will remain stuck in its slump.
1.43 billion XRP in 24 hours, what will happen?
Where some see a bull signal, others fear a simple redistribution of cards “whales” (large investors).
The XRP crypto has always been exposed to sudden movements, often accompanied by the peak of derivatives, as shown in the numbers of exchange platforms.
Bitget, binance, bybit and gate.io traders remain very active. Bitget leads dance with 28.89 % open interest, or $ 414.95 million, worth $ 967.01 million. It shows Gate.io 23.62 %, which represents $ 338.75 million for $ 790.50 million.
But why such an escape? It shakes several hypotheses. Some claim that XRP benefits from the dynamics of strategic crypt reserves, while others believe it is simply a short -term speculative maneuver. One thing is for sure: the market is nervous. Between the hope of fast and concerns about brutal correction, the tension remains the whole.
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Evariste, fascinated by Bitcoin since 2017, has not stopped documenting on this topic. If his first interest focused on trading, he now tries to actively understand all cryptocurrency progress. As an editor, he tries to permanently provide high quality work that reflects the condition of the sector as a whole.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.