XRP deposits hit a 4-month high: Is a market reversal coming?
The post XRP deposits hit a 4-month high: Is a market reversal coming? appeared on BitcoinEthereumNews.com.
Key Takeaways Why is XRP’s rising deposit activity significant? Because it reflects growing retail and institutional participation, signaling heightened on-chain movement and renewed confidence around key support zones. How are derivatives metrics shaping XRP’s near-term momentum? Rising Open Interest and positive Funding Rates show stronger speculative appetite, hinting at renewed optimism, while cautioning against overleveraged positions. Since early October, XRP [XRP] deposit activity on Binance has soared to its highest level since June, reflecting renewed retail and institutional movement. The rise in smaller inflows (~1K XRP) highlights growing retail engagement and broader distribution among wallets, while large, periodic transfers suggest institutional repositioning. Although exchange inflows typically signal sell-side pressure, this trend seems more like cautious rebalancing than panic exits. However, XRP’s ability to sustain stability above $2.3 amid these deposits points to steady accumulation and resilience in market structure. Are sellers losing control as the Taker Ratio nears equilibrium? The Taker Buy/Sell Ratio sits at approximately 0.96, showing that while sell pressure still dominates, its strength is gradually waning. Typically, a ratio nearing 1 signals equilibrium between buyers and sellers, marking the early stages of market stabilization. This is especially significant as XRP continues to hold its footing near the $2.3–$2.4 support region, suggesting that larger traders may be accumulating rather than distributing. Furthermore, historical patterns indicate that when this ratio flips above 1, short squeezes often follow. Therefore, a sustained increase in buyer aggression could be the catalyst that drives XRP’s next bullish leg toward the mid-$2.6 range. Source: CryptoQuant XRP’s rebound from the demand zone After weeks of price compression, XRP rebounded strongly from its $2.2–$2.3 demand zone, confirming renewed interest from spot traders. This rebound has established a higher low, a pattern that often precedes breakouts when supported by consistent volume. The next major hurdle lies at…
Filed under: News - @ October 21, 2025 1:20 am