Crypto
XRP Buyers Remain Cautious Despite Recent Price Gains
XRP has made significant gains in recent days, climbing from around $1.00 to nearly $1.70 before pulling back to its current price of $1.36.
New derivatives data suggests that buyers have not yet entered full FOMO mode despite the rally.
The Binance Taker Buy/Sell Ratio currently stands at 0.92, indicating that sellers remain more active than buyers in the derivatives market.
This is reflected in XRP's market capitalization, which immediately rose from around $63 billion to nearly $107 billion by Aug. 22 before falling back to about $85.2 billion.