Altcoin XRPIn recent days, he began to give signals again. In the Altcoin futures market, which is associated with Ripple Labs, it is remarkable with investors getting more and more long positions. According to CoNSS data, the funding rate of XRP has returned to the positive. This development clearly demonstrates the trust of investors that the price will rise.
Futures Data Supports Raise
Funding rateIt stands out as a tool used to ensure the price balance between the futures and the spot market. The fact that this ratio is positive means that the traders are turning to long positions, believing that XRP will gain value. The negative ratio indicates the short positions opened with the expectation of decrease.
Although the funding rate, which returned to negative for a short time on April 30, showed that sales pressure increased, it returned to the positive as of May 1. This return in the funding rate indicates that the market dominance has been re -switched to buyers. Especially futures Increasing the trust of investors to the market began to show itself in price movements.
According to Coingecko data, the XRP is trading at $ 2.23 with a rise of 1.8 percent in the last 24 hours. Ascension is not limited to investor psychology. Technical indicators also support this positive atmosphere.
Technical data gives hope for xrp
It is not only the positive funding rate in increasing interest in XRP, Crypto Money MarketThe general recovery in it is also effective. Almost all of the Bitcoin and the 10 largest crypto currencies have gained value in the last 24 hours. This painting shows that investors are turning to risky assets again.
In particular, the increase in transaction volume in XRP term transactions indicates that both individual and corporate investors are actively introduced. This paves the way for potential price movements to gain strength. Also according to tradingView data Macd The indicator also supports the rise. The MACD line continues to remain on the signal line and the histogram bars remain in the positive area.
This technique standing next altcoinHe points out that the upward movement of the upward movement is not unfounded and that the current appearance of the market contains a strong optimism. Although there is no clarity on the direction of the price in the short term, existing signals increase the belief of investors to XRP.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
