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Ripple Price Forecast: XRP bearish bias extends as whales de-risk
Ripple (XRP) remains range-bound, fluctuating between the demand zone at $2.77 and the supply area at $3.00 on Thursday. An attempt to breach the resistance lost momentum on Wednesday, leaving XRP vulnerable to retail and institutional selling, as well as low on-chain activity. Interest in XRP has consistently dropped since its local top of $3.66 reached on July 18. The derivatives market reflects the low demand with the futures Open Interest (OI) falling to $7.56 billion after peaking at $10.94 billion on July 22. Large volume holders have also been de-risking, possibly taking profits as XRP sustains a weak ... (full story)
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