XRP rises 6% to $1.40: traders long, but market overheated
- —XRP trades near $1.40 after gaining more than 6% in the session
- —Long-to-short ratio at 1.15, funding rate at 0.0079%
- —Spot XRP ETFs attracted $11.26 million in a day — the most since last Wednesday
- —RSI just below 60, MACD slightly negative; resistance at $1.90, support at $1.35
Why it matters: Derivatives positioning supports the rally, but overheating and seller pressure in futures raise the risk of a sharp correction.
Source: Invezz