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Ripple Price Forecast: XRP decline accelerates amid cooling Open Interest and Brazil's VERT structured credit launch
Ripple (XRP) price is extending an intraday red candle on Wednesday, trading at around $3.29 in the American session. The decline follows a rejection from Monday's swing, which stopped just shy of the token's record high of $3.66, reached on Friday. XRP's technical outlook indicates a potential shift to bearishness in the short term, underpinned by a decline in futures contract Open Interest (OI) alongside a decrease in the Relative Strength Index (RSI). VERT, one of the leading providers of securitization and fund management services, has launched a blockchain-based platform to manage private credit on the XRP ... (full story)
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