XRP at $2.16 After DEX Volume Jumps 770% Overnight
The post XRP at $2.16 After DEX Volume Jumps 770% Overnight appeared on BitcoinEthereumNews.com. Key Points: XRP DEX volume jumps 770% in 24 hours, showing rising trader activity on decentralized platforms. Exchange reserves fall from 3.1B to 2.6B XRP, often signaling reduced sell pressure before rallies. Cardano to integrate XRP tools, including RLUSD stablecoin and DeFi apps, boosting cross-chain functionality. XRP at $2.16 After DEX Volume Jumps 770% Overnight XRP price was trading at $2.16 at the time of writing, marking a 1.16% increase over the last 24 hours. Over the past seven days, the token has declined 3.74%. The daily trading range sits between $2.12 and $2.18, while the weekly range extends from $2.10 to $2.33. Current trading volume stands at $2.24 billion, reflecting continued interest in the asset despite broader market hesitation. Recent price stability follows a drop from early June highs. Technical analysts are watching the $2.07 level as immediate support. According to crypto analyst Dark Defender, the token is nearing a tight technical convergence point between key trend lines, Fibonacci levels, and the surface of a possible cup pattern. “The price is close to the conjunction of the trend lines,” the analyst said. Short-term resistance levels are noted at $2.22 and $3.61. Source: Dark Defender/X XRP DEX Activity Surges Amid Lower Exchange Reserves Over the past 24 hours, XRP’s decentralized exchange (DEX) volume increased by over 770%, according to Brett_Crypto_X. The spike suggests that traders are shifting toward on-chain platforms for activity. Source: CryptoQuant However, this comes as on-chain data shows exchange reserves have remained steady near 2.6 billion XRP after dropping sharply from 3.1 billion in November 2024. Data from CryptoQuant indicates that the decline in exchange-held XRP occurred just before the asset’s breakout to $2.80 late last year. Historically, drops in exchange reserves often precede price increases as circulating supply decreases. XRP’s exchange reserve has since stabilized, signaling…
The post XRP at $2.16 After DEX Volume Jumps 770% Overnight appeared on BitcoinEthereumNews.com.
Key Points: XRP DEX volume jumps 770% in 24 hours, showing rising trader activity on decentralized platforms. Exchange reserves fall from 3.1B to 2.6B XRP, often signaling reduced sell pressure before rallies. Cardano to integrate XRP tools, including RLUSD stablecoin and DeFi apps, boosting cross-chain functionality. XRP at $2.16 After DEX Volume Jumps 770% Overnight XRP price was trading at $2.16 at the time of writing, marking a 1.16% increase over the last 24 hours. Over the past seven days, the token has declined 3.74%. The daily trading range sits between $2.12 and $2.18, while the weekly range extends from $2.10 to $2.33. Current trading volume stands at $2.24 billion, reflecting continued interest in the asset despite broader market hesitation. Recent price stability follows a drop from early June highs. Technical analysts are watching the $2.07 level as immediate support. According to crypto analyst Dark Defender, the token is nearing a tight technical convergence point between key trend lines, Fibonacci levels, and the surface of a possible cup pattern. “The price is close to the conjunction of the trend lines,” the analyst said. Short-term resistance levels are noted at $2.22 and $3.61. Source: Dark Defender/X XRP DEX Activity Surges Amid Lower Exchange Reserves Over the past 24 hours, XRP’s decentralized exchange (DEX) volume increased by over 770%, according to Brett_Crypto_X. The spike suggests that traders are shifting toward on-chain platforms for activity. Source: CryptoQuant However, this comes as on-chain data shows exchange reserves have remained steady near 2.6 billion XRP after dropping sharply from 3.1 billion in November 2024. Data from CryptoQuant indicates that the decline in exchange-held XRP occurred just before the asset’s breakout to $2.80 late last year. Historically, drops in exchange reserves often precede price increases as circulating supply decreases. XRP’s exchange reserve has since stabilized, signaling…
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