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XRP Rockets Like a Russian Poem… But Will It Crash By Lunch?

BBG News
  • There are whispers among the market birches—XRP is said to have a clear path to rally, much like a young aristocrat after reading just enough philosophy to misunderstand everything.
  • And as for demand, it grows week by week, as steadily as Aunt Yelena’s complaints about the samovar. ☕

Ripple [XRP] has lately pursued the grand, relentless parade of the crypto markets, not unlike a lovesick minor noble following his muse through a foggy estate. In the last week, it soared by 21%—and with an extra flutter of 3.43% in the past 24 hours, like a finale sip of vodka before sunrise.

Yet, the mood among the market’s populace is always a study in contradiction. There is much selling, reminiscent of peasants abandoning a rickety bridge, but new buyers appear at once, eager and foolish, to patch it, plank by plank, with their own wallets.

The Sellers: Outnumbered, Not Outwitted

CryptoQuant’s scribes, peering into their crystal samovars, note that sellers are multiplying—XRP’s Taker Buy/Sell Ratio, that enigmatic oracle, slipping lower.

Below the sacred mark of 1, the derivatives market sighs deeply: “Sell, sell,” it mutters, like a Russian uncle losing at chess. Currently, the number sits at 0.9361—there are more sellers than buyers, as surely as there are more critics than poets.

Yet, despite a storm of selling, prices only climb, perhaps out of spite. Binance traders, those tireless gamblers, appear to be poking the bear (and possibly waking it).

At this wistful hour, XRP’s Open Interest on Binance blossomed from a modest $530 million to a sprawling $1.5 billion—a sum to make even the most dour countess smile (or at least grimace less).

Market winds, measured in funding rates, blow uncertain—neither warm nor cold, like the stares exchanged across a country estate’s dining table. Nobody dares to commit; neutrality reigns, if only briefly.

The funding fee, a poet’s metric for trader intent, whispers of a squeeze: shorts pile up, funding rates decline, and tension grows—like unspoken feelings in a Turgenev drawing room.

AMBCrypto’s sleuths confirm it: Binance’s Taker Buy/Sell Ratio stands boldly at 3.3497. Buyers are clearly at the dance, even if the orchestra is still tuning up.

If these buyers persist, XRP may soon begin a movement so grand that even the family dog will bark in admiration (or confusion).

Retail: The Unsung Heroes (and Villains)

And to the shock of everyone sipping black tea with lemon, retail spot traders have not been idle. No, these small players hurried in, buying up XRP with all the determination of a poet chasing a mood or a love letter gone astray. 💌

In the past 24 hours, their thirst for adventure resulted in $17.06 million worth of XRP, with a week’s tally of $94.41 million—a sum that could nearly buy a modest dacha near St. Petersburg (if not quite the Winter Palace).

Though optimism runs high, ever-present liquidity clusters hint that a brief jaunt down to $2.50 seems likely—just enough to let everyone panic elegantly, then reminisce about “the dip” at their next supper.

In these shadowy waters, unfilled orders await. Price, clever as a fox and twice as sly, often wanders toward such clusters. Should XRP drop to $2.50 from its current $2.58, it would be but a scratch—eight Kopecks of heartbreak (and likely fodder for some tragic poetry).

From this tumultuous patch, price tends, as all things Russian, to rebound—ever the optimist beneath layers of existential dread. The bullish spirit persists, vodka bottles are raised, and the dance goes on. 🥂

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2025-05-14 19:45

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