XRP Price Dives Amid Soaring Spot Demand
XRP's price is currently trading in the $1.10 to $1.12 range after experiencing a 2% decline over the past day.
This comes as spot demand for XRP has reached its strongest levels since June, while derivatives traders remain cautious.
The divergence between spot buying and leveraged trader positioning could be a precursor to a decisive move in XRP's price action.
Buyers continue to absorb supply, but the Relative Strength Index has recently reached overbought territory, suggesting that upside may be limited without fresh demand.