XRP (CRYPTO: XRP) is stuck in sideways to downtrending market, with a 4% drop on Wednesday reversing much of the hard-earned gains over the past week.
Meanwhile, the XRP Ledger’s latest software upgrade continues gaining support from network validators.
Bottom Or Last Flush?
Crypto analyst CryptoInsightUK highlighted rising open interest across Bitcoin and XRP derivatives markets alongside persistent positive funding rates, suggesting leverage has rebuilt during the recent rebound.
He continues to watch liquidity clustered below recent lows, identifying the $0.93-$1.00 area as a preferred accumulation zone before a potential move toward significantly higher liquidity resting between roughly $1.70 and $1.84.
