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CoinDesk - by layer3.news
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2025-02-06 08:35:47
in reply to nevent1q…8d2n

XRP Price Outlook Grim as Traders Go Short, Exchange Inflows Increase


CoinDesk (nprofile…nhef)
✍️ Net inflows to spot XRP tokens turned positive, with over $15 million flowing to centralized exchanges, despite a record-breaking month for its native decentralized exchange.
👉 Net inflows to spot XRP tokens turned positive
👉 Over $15 million flowed to centralized exchanges
👉 Funding rates in perpetual futures markets are more negative than ETH and BTC
👉 XRP trades below key moving averages
👉 Immediate resistance at $2.49 and $2.60

#technology
CoinDesk (nprofile…nhef)

XRP's perpetual funding rates remain negative, show a bias for bearish short positions.
https://www.coindesk.com/markets/2025/02/06/xrp-net-inflows-turn-positive-as-token-eyes-usd3-but-resistance-at-usd2-60

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