XRP Derivatives Market Revives with 749% Surge in Net Inflows
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 2h ago- Market Revival: XRP futures net inflows surged 749% after a $69 million long liquidation, pushing the price back above $1.60, indicating a recovery in market confidence and increased trading activity.
- Significant Liquidation Impact: On January 30, total long liquidations reached $69.42 million, marking the highest figure since October, followed by another $57.14 million the next day, highlighting increased volatility and risk in the market.
- Changing Trading Dynamics: Over the past four hours, XRP futures recorded $162.22 million in inflows against $151.56 million in outflows, resulting in a net inflow of $10.67 million, showing traders are actively re-entering the market, despite a 49.81% drop in 12-hour net inflows from previous levels.
- Technical Analysis: The market is currently trading between a support level at $1.52 and a resistance level at $1.97, and if net inflows continue to build while spot prices hold above $1.60, a move towards the $1.90-$2.00 range looks plausible in the coming sessions.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
