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Crypto & Bitcoin

XRP Price Forecast: Spot Trading Volume Falls Low as XRP Targets Intitutions

Reported by Daniel Francis, Coinspeaker

Image: Coinspeaker

XRP is trading near $1.38, flat in the last 24 hours and down 9.9% over seven days, after bouncing from a low of about $1.31. Our XRP price forecast starts with a gap between price and participation. The recovery has not brought spot buyers back: CryptoQuant’s figures show centralized-exchange spot volume falling by $1.943 billion between August 26 and October 11. A price can stabilize while demand shifts toward derivatives, and the numbers fit that pattern. Perpetual futures open interest stands at $4.56 billion, about twice the $2.18 billion traded in the last 24 hours.

This is an excerpt. The reporting belongs to Coinspeaker.

Read the full report on coinspeaker.com
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