XRP's Compression Setup Suggests Imminent Resolution

XRP is currently trading at $1.30, stuck between short-term resistance and long-term support.

The asset has been range-bound for some time, with buyers defending the lower end of its 24-hour range and sellers capping every pop.

This compression setup suggests a resolution is imminent, and the current technical structure historically precedes a sharp move.

According to derivatives positioning, smart money is already loaded up long on XRP, with open interest surging 6% in 24 hours to nearly $393 million in notional value.

The long/short ratios are striking, with top traders sitting at 74.6% long versus 25.4% short, a ratio of nearly 3-to-1.