XRP Hovers Near $1.29 as Futures Momentum Weakens
Edited by Steinar Vigdel Kolnes, Editor, Oslo
XRP is struggling near $1.29 as futures activity loses momentum and prediction markets signal caution over its price outlook.
XRP was trading near $1.29 as sellers continued to dominate, according to Bitcoin.com News. The report described weakening momentum in the token’s $2.77 billion futures market.
Technical indicators pointed to continued downside pressure. However, oversold readings left open the possibility of a rebound, without confirming a change in direction.
On Polymarket, traders priced in a 50% chance that XRP would reach $1.20 before November. Kalshi’s October contracts also indicated declining price expectations, according to the report.
Source: Bitcoin.com News
