On-Chain

Despite a massive dump of 150 million XRP by whales in 48 hours, experts remain optimistic. The selling pressure is being absorbed by inflows into newly launched XRP ETFs, while the price holds key support levels, suggesting potential for an upward move.

Bitcoin has reclaimed the $90,000 level, but underlying on-chain and futures market data suggest the recovery lacks conviction. Weak buying interest, underwater short-term holders, and declining open interest indicate the market may be poised for another downturn.