On August 30, the XRP derivative data of the Coinglás presented Strong activity in the market.
The negotiation volume increased by 30.36% to $ 9.00 billion, while the open interest increased 3.03% to $ 7.9 billion, indicating a growing participation.
On the side of the options, the volume fell 1.54% to $ 3.74K, but the open interest options rose 20.56% to $ 1.24 million, which suggests an increase in long -term positioning despite the lighter trade in the short term.
XRP price in trouble
XRP shows signs of problems since technical indicators point to growing instability in the market. The data in the three -hour table reveal a significant dilation in the XRP Bollinger bands, a sign of intense volatility. The prices have already tested the band of less than $ 2.85, which suggests a mounting pressure.
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The recent decrease was activated after the Token fell below the level of $ 3, which led the operators to get out of positions and increase the boost of sale. This fall has fed uncertainty among investors, who seem to adopt a more cautious posture in the broader market environment.
The veteran merchant Peter Brandt has intervened in the situation, describing the current action of XRP’s price as “very negative.”
Its analysis highlights the formation of a descending triangle pattern in the graphics, typically seen as a bearish signal that could precede an additional decrease if the support levels are not maintained.
