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Ripple Price Forecast: XRP recovery dims as demand cools
Ripple (XRP) maintains narrow range trading on Monday, with support at $1.10. The token's upside remains largely constrained, as major moving averages trend downward, aligning with low demand in both the institutional and retail markets. Retail interest in XRP derivatives remains relatively stable, given perpetual futures Open Interest (OI) stands at 2.21 billion XRP on Monday, up from 2.19 billion XRP the previous day. According to CoinGlass, OI has stabilized following the drop to 2.37 billion XRP on July 20, indicating that investors lack the conviction to remain exposed to risk. Besides, an attempt to sustain a ... (full story)
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