Crypto exchange Bitrue declared XRP’s fair value at $10-more than seven times its current $1.42 price-citing strong fundamentals and institutional momentum.
Derivatives data reveals open interest in XRP futures surged to $2.60 billion, a 7% single-day increase. Analysts note the rise occurred during a price dip, with long positions growing while shorts remain stagnant-suggesting traders are buying the dip.
XRP fell nearly 4% over the past week, yet market behavior defies typical bearish patterns. Some technical analysts warn of possible further downside, targeting support levels at $1.12 and $0.87, potentially signaling a late-stage shakeout before a major move.
Long-term bulls remain confident, anchored by Ripple’s resolved SEC lawsuit, rising institutional adoption, and Missouri’s recent move to classify XRP as an official reserve asset. While volatility looms, the derivatives market indicates conviction-not capitulation.