๐จ $XRP DERIVATIVES ARE HEATING UP FAST. ๐ฅ
XRP open interest on Binance has surged in August, reaching its highest level in roughly two months, according to CryptoQuant. With $XRP trading around $1, leveraged positioning is building quickly
โ ๏ธ Rising OI isn't automatically bullish. It includes both longs and shorts, and recent data also shows aggressive sell-side positioning
๐ป Ghost's Take
The real signal isn't direction yet โ it's leverage.
Once $XRP breaks hard either way, a major long or short squeeze could follow ๐
$XRP #XRP #Crypto
XRP open interest on Binance has surged in August, reaching its highest level in roughly two months, according to CryptoQuant. With $XRP trading around $1, leveraged positioning is building quickly
โ ๏ธ Rising OI isn't automatically bullish. It includes both longs and shorts, and recent data also shows aggressive sell-side positioning
๐ป Ghost's Take
The real signal isn't direction yet โ it's leverage.
Once $XRP breaks hard either way, a major long or short squeeze could follow ๐
$XRP #XRP #Crypto