1 month ago
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Key Takeaways
- XRP price: $1.3738, below 50MA ($1.3775), 100MA ($1.3949), 200MA ($1.4139).
- RSI(14): 50.15 faster signal, 47.59 slower signal, converging at midline.
- Open interest: 860.9M, down from 950M April 17 peak, above 815M March 30 floor.
- Funding rate 30-day SMA: 0.0002, highest since early February.
- Prior funding low: -0.0007 during short-dominant period.
- Binance exchange inflow: 40.4M XRP on April 29, largest since early April.
- April 29 inflow context: arrived during price decline from $1.44 to $1.36.
How Much Leverage Is In The Market And Which Way It Is Pointing
Before asking where XRP is going, the derivatives market provides two prior questions: how much leveraged exposure exists, and which direction is it betting. Open interest at 860.9M answers the first. The 30-day funding SMA at 0.0...
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