XRP surged 7% in a single day today, with the RSI climbing above 81—momentum is completely unstoppable. The direct reason is that the XRPL Batch V1.1 mainnet upgrade scheduled for September 29 needs to be activated, so capital started rushing in early. On Korea’s Upbit, the XRP trading volume actually surpassed BTC directly, and retail traders are all疯狂（going wild）buying.
Institutions haven’t been idle either: a $30 million convertible bond allocation plus $1.71 billion in spot ETF inflows accumulated over 10 weeks—this buying power is no joke. But the ETF inflow pace has started to slow; the RSI is already overbought at this level, and the risk of chasing highs is quietly building up in the short term.
Speaking of the blow-off rally, $ZETA is up 57% today on USDT-margined contracts, with trading volume near $300 million—this is the real on-chain beast. As for $XRP this wave: is it truly a breakout or good news that’s already been priced in? The next few days’ candlesticks will tell the story.
Institutions haven’t been idle either: a $30 million convertible bond allocation plus $1.71 billion in spot ETF inflows accumulated over 10 weeks—this buying power is no joke. But the ETF inflow pace has started to slow; the RSI is already overbought at this level, and the risk of chasing highs is quietly building up in the short term.
Speaking of the blow-off rally, $ZETA is up 57% today on USDT-margined contracts, with trading volume near $300 million—this is the real on-chain beast. As for $XRP this wave: is it truly a breakout or good news that’s already been priced in? The next few days’ candlesticks will tell the story.