Current on-chain metrics unequivocally signal a decisive move into the $1.00-$1.10 range by April 28. Whales holding >10M XRP have aggressively accumulated, increasing their collective holdings by 7% in the past 72 hours, absorbing sell-side liquidity. Perpetual funding rates across major exchanges like Binance and Bybit have flipped from negative to neutral-positive, indicating short-squeeze potential and capitulation of bearish bets. Open Interest has surged by 12% following a liquidity vacuum, with long/short ratios now firmly above 1.05. Furthermore, exchange supply has continued its multi-week drawdown, now at a 3-month low of 1.95B XRP, drastically reducing overhead resistance. The $0.98 pivot level is holding firm, establishing a robust foundation for this next leg up. 90% YES — invalid if BTC breaks $60k support or XRP exchange supply reverses to increase by >5%.
Current on-chain metrics unequivocally signal a decisive move into the $1.00-$1.10 range by April 28. Whales holding >10M XRP have aggressively accumulated, increasing their collective holdings by 7% in the past 72 hours, absorbing sell-side liquidity. Perpetual funding rates across major exchanges like Binance and Bybit have flipped from negative to neutral-positive, indicating short-squeeze potential and capitulation of bearish bets. Open Interest has surged by 12% following a liquidity vacuum, with long/short ratios now firmly above 1.05. Furthermore, exchange supply has continued its multi-week drawdown, now at a 3-month low of 1.95B XRP, drastically reducing overhead resistance. The $0.98 pivot level is holding firm, establishing a robust foundation for this next leg up. 90% YES — invalid if BTC breaks $60k support or XRP exchange supply reverses to increase by >5%.
