Amid recent price swings, XRP remains resilient at $2. Traders closely monitor regulatory changes and their potential impact on token movements.
Options Market: Spike in Volume and Bullish Bets
XRP options trading volume surged by 125.93% to $7,540, indicating high trader activity. Open interest increased by 149.56% to $978,100. Long positions show investor confidence, reducing the likelihood of a sharp sell-off.
XRP Price Forecast: Key Levels
Technical indicators suggest a pivotal moment. Parabolic SAR dots above the price signal ongoing bearish pressure, but the narrowing Keltner Channel hints at contracting volatility, which often precedes a breakout.
Uncertain Regulatory Environment
The confirmation process of the U.S. SEC chair could impact the market. Should crypto-friendly Paul Atkins be confirmed, bullish sentiment could be fueled.
The XRP market remains a focal point for both investors and regulators. Positive regulatory changes could spur a bullish trend, while negative news might increase pressure on the token's price.
