According to market analysis, XRP has nearly tripled Bitcoin’s returns this week. However, the general market sentiment shows that caution prevails. The Crypto Fear and Greed Index remains stable at 23, indicating that anxiety in the market is at a high level.
Despite this, the XRP price continues to rise steadily. While investors question whether there is a long-term accumulation behind this rise, debates continue as to whether the latest rise only indicates a temporary momentum.
XRP surpasses Bitcoin
One of the notable movements in the markets was that XRP increased by 6.34 percent in the last week and reached $1.44. According to CoinCodex data, this level stands out as a strong resistance point, where price increases have been repeatedly rejected in the last two weeks. Technical indicators have started to show short-term overbought signals, especially the 1-day RSI is at 67.7 and is very close to the overbought zone.
In a possible pullback, if the $1.38 level — which is in the same position as the 50-day moving average — is broken, the price could fall to $1.35 and the 25-day moving average. On the upside, XRP’s persistence above $1.44 in daily closings will turn eyes to $1.54, according to analysts. Here, the 200-day moving average comes into play as a new resistance.
XRP continues its upward movement despite strong resistances. Investors are debating whether there is a real accumulation behind this rise or just a short-term movement.
Futures and volume: The balance element is in play
Derivative market data also presents a remarkable picture for XRP. The amount of open interest is at $414.8 million, indicating that participation in the market continues to be strong. Funding rates remained at a very stable level at 0.0015 percent, reflecting that leveraged long positions were not overly concentrated in the market.
This neutral structure suggests that the price rise is supported by a healthier and more balanced market. The fact that the rising price and funding rates are in such a balance shows that the risk against sudden long position liquidations has decreased.
Record increase in volume and historic resistance tests
In spot and futures markets, XRP reached a total transaction volume of $1.81 billion in a single day. There appears to be serious interest from both individual and institutional investors. At the same time, XRP is witnessing a retest of an important formation that lasted approximately eight years. This area is historically known as the region where a strong accumulation process took place.
Although in the long term, expectations for a rise of up to $10 for XRP are discussed if this support is maintained, such projections are still considered speculative in the market and largely depend on the general market trend.
In the near term, it stands out that the real test is whether XRP can overcome the current resistance of $ 1.44 and turn this level into permanent support.
With its transaction volume record in both spot and derivative markets, XRP is again pushing a critical resistance line after years.
