Oh, sĂŒĂer XRP. Sitzen Sie ziemlich in der NĂ€he dieses ach so kritischen StĂŒtzungsniveaus wie ein MauerblĂŒmchen beim Krypto-Abschlussball und flĂŒsterte „Vielleicht, nur vielleicht“. Frische institutionelle RĂŒckenwinde polieren seine Segel, was darauf hindeutet, dass sich das Blatt drehen könnte. Oder nicht. Wer weiĂ? Es ist Krypto, es ist Chaos.
Currently, XRP is lounging at $2.17 â down 1.2% today, and a cheeky 6% over the week. Basically, itâs been floating between $2.11 and $2.35, doing its best impression of someone uncertain about life. Volume? Oh yeah, itâs doing the slow danceâ$1.51 billion traded in 24 hours, down a staggering 37% from yesterday. The marketâs so sleepy it might as well be napping.
Derivatives markets? Also snoozing. XRP futures volume tumbled 37.85% to $2.97 billion, and open interest dipped a modest 3.39% to $3.90 billion. Looks like everyoneâs holding their breath, hoping for a sign.
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But wait, thereâs more! While the short-term momentum is chilling out, institutions are sneaking in like spies in the night. Coinbase Institutional just announced theyâre launching 24/7 trading for XRP and SOL in the US starting June 13. Because nothing says âmarkets never sleepâ like crypto.
Starting June 13, weâre enabling 24Ă7 trading for $XRP and Solana ( $SOL ) futures, unlocking real-time access to U.S. traders, reflecting the always-on nature of crypto markets.
â Coinbase Institutional đĄïž (@CoinbaseInsto) May 29, 2025
This follows their April rollout of CFTC-regulated XRP futures, which they pitched as âcapital-efficientâ and perfect for those who want exposure without losing their minds. Theyâre basically trying to catch the wave of 24/7 trading, because why not? Marketâs always awake, so why shouldnât traders be?
Meanwhile, Ault Capital Groupâyes, that other shady-sounding entityâannounced a Q3 XRP lending platform for public companies on NYSE and Nasdaq. Asset-backed, futures-hedged, all on-chain, and with up to $10 million to support this adventure. Itâs like XRP is everywhereâgetting institutional love, even if the charts are throwing shade.
But hold onto your hatsâtechnicals are whispering ânot so fast.â XRPâs just above the $2.12 support, gently flirting with the lower Bollinger Band. Resistance? At $2.34, the midpoint, and an upper barrier at $2.56. The RSI is creeping close to oversoldâlike someone who wants to sell but is afraid to jump first. Moving averages? Oh, theyâre showing a sell signal across most timeframes, making it clear that XRPâs in a bit of a correction phase, trembling in its boots but still above the long-term trend line.
If things go sideways below $2.12, weâre looking at a potential dip toward the psychological $2.00 mark, with support sitting around $1.91â$1.95âbecause if youâre going to fall, might as well aim for comfort.
But hey, if the bulls rally back, theyâll need to conquer $2.34 and then the lofty $2.56 upper Bollinger Band. Only then will XRP regain its swagger. Until then, itâs all about waiting, watching, and betting on some wild crypto drama. đ„đ
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2025-06-02 07:13