$XRP sits at 1.3679, up 0.34 percent over 24 hours, after a week down 8.8 percent that left it 17.5 percent under its 30 day high of 1.6581.
The number that moved this week sits on the ledger itself, in dollar stablecoin supply.
Dollar stablecoin supply issued on the XRP Ledger stands at 1.19 billion, against 950 million on 15 July, so up 25.6 percent in 90 days. Total value locked across the ledger's own protocols is 41.3 million. That is close to 29 dollars parked for every dollar working inside a protocol on it. The capital is on the ledger before the applications that would use it.
One honest counterweight on that supply: it has fallen 8.2 percent this week, from 1.30 billion on 6 October. That is the sharpest weekly drop in at least three months, the previous worst being 4.8 percent in the week to 1 September.
Positioning underneath:
Spot volume was 164.9 million over 24 hours against a 239.9 million average over the last 30 days, so 0.69x, spread across 632,498 trades.
Open interest sits at 301.1 million XRP, up 0.8 percent on the day, and the hourly series held the 298.8 to 301.1 band all session. Funding is marginally negative at minus 0.0013 percent.
The long to short account ratio over the last 24 hours reads 2.67, 2.36, 2.67, 2.67, 2.48, 2.46. Between two and three accounts long for every short, held through an 8.8 percent weekly drawdown. Nobody has been forced out, so that supply is still above the market.
Taker flow turned in the last three hours: 1.08, 1.15, 1.08, then 0.87, 0.76, 0.81.
Circulating supply is 63.1 billion of a 99.99 billion total.
Follow me for daily on-chain and positioning breakdowns.
#xrp #altcoin #defi #macro #crypto
The number that moved this week sits on the ledger itself, in dollar stablecoin supply.
Dollar stablecoin supply issued on the XRP Ledger stands at 1.19 billion, against 950 million on 15 July, so up 25.6 percent in 90 days. Total value locked across the ledger's own protocols is 41.3 million. That is close to 29 dollars parked for every dollar working inside a protocol on it. The capital is on the ledger before the applications that would use it.
One honest counterweight on that supply: it has fallen 8.2 percent this week, from 1.30 billion on 6 October. That is the sharpest weekly drop in at least three months, the previous worst being 4.8 percent in the week to 1 September.
Positioning underneath:
Spot volume was 164.9 million over 24 hours against a 239.9 million average over the last 30 days, so 0.69x, spread across 632,498 trades.
Open interest sits at 301.1 million XRP, up 0.8 percent on the day, and the hourly series held the 298.8 to 301.1 band all session. Funding is marginally negative at minus 0.0013 percent.
The long to short account ratio over the last 24 hours reads 2.67, 2.36, 2.67, 2.67, 2.48, 2.46. Between two and three accounts long for every short, held through an 8.8 percent weekly drawdown. Nobody has been forced out, so that supply is still above the market.
Taker flow turned in the last three hours: 1.08, 1.15, 1.08, then 0.87, 0.76, 0.81.
Circulating supply is 63.1 billion of a 99.99 billion total.
Follow me for daily on-chain and positioning breakdowns.
#xrp #altcoin #defi #macro #crypto