1 month ago
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Key Takeaways
- XRP trades near $1.14, below the 50-day at $1.19.
- Binance scarcity index hits highest level since mid-2024.
- Leverage stays low, pointing to a spot-driven bounce.
- Ledger activity runs 29% below its three-month baseline.
XRP trades at $1.136 on Bitstamp, easing 1.7% after a recovery leg that carried it from the late-June base near $1.008 to an intraday high of $1.18. The structure of the bounce is clean: a defended floor, five green sessions out of seven, and the daily RSI crossing above 50 for the first time since mid-June.
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