CoinDesk just said $XRP Ledger needs to fix the code before its lending feature goes live.
The feature isn’t even out yet, and they’re already putting out fires.
The market isn’t impressed either: open interest is up 4.3% in 24 hours, but the price has only inched up 1.2%.
Funding rates are so low there’s no excitement—nobody’s in a hurry to go long.
This doesn’t look like a rush to accumulate; it looks more like someone slowly building a position.
The news is about maintenance, so I’m not expecting it to change the trend in the short term.
This chicken is leaning a little bearish: for the market to take it seriously, it first needs to hold above 1.312. If it can’t, those adding to their long positions could easily panic.
Are you betting it can hold 1.312? Let’s come back in a few days and see.
#XRP #Ripple
The feature isn’t even out yet, and they’re already putting out fires.
The market isn’t impressed either: open interest is up 4.3% in 24 hours, but the price has only inched up 1.2%.
Funding rates are so low there’s no excitement—nobody’s in a hurry to go long.
This doesn’t look like a rush to accumulate; it looks more like someone slowly building a position.
The news is about maintenance, so I’m not expecting it to change the trend in the short term.
This chicken is leaning a little bearish: for the market to take it seriously, it first needs to hold above 1.312. If it can’t, those adding to their long positions could easily panic.
Are you betting it can hold 1.312? Let’s come back in a few days and see.
#XRP #Ripple