리플 just tokenized Brazilian markets – Can XRP catch up?
Among the giants, 리플 may be at the most critical turning point.
Technically speaking, the $1. 5-$1. 7 region remains a formidable barrier for XRP. The altcoin has failed to overcome this obstacle since the beginning of the year.
Moreover, the altcoin has been moving sideways around this level for over four weeks now. At first glance, this looks like textbook accumulation where buyers take control and absorb supply.
However, on-chain data says otherwise. According to a 암호화폐 Quant report, XRP’s Binance Scarcity Index (BNI) is at its lowest level since January 2025, which means there is a growing supply of XRP on Binance.
Thus, the lower the scarcity, the higher the amount of tokens available for selling in the market, which undermines the long accumulation thesis.
Interestingly, XRP’s Open Interest is also seeing its strongest growth since August 2025.
Since late August, XRP has gained more than 70% and is currently 거래 at $1. 50, a roughly 50% increase over the past month. Binance Open Interest has been increasing as well, indicating that leveraged funds are flowing into the market.
With monthly Open Interest growth averaging nearly 1. 3%, XRP has seen its strongest increase since August 2025. This implies that the recent increase in price is being driven not only by spot buying but by futures as well.
Put together, this makes XRP’s setup look less like ideal accumulation and more like a potential bull trap. However, as far as the XRP Ledger is concerned, things are looking good, and the fundamentals continue to improve.
The question now is whether 리플 [XRP]can catch up to its fundamentals or whether rising leverage will keep the rally vulnerable.
리플 is kicking off Q4 with a major strategic move.
In a post on X, 리플 announced that CSD BR is partnering with 리플 to tokenize Brazilian capital markets on the XRP Ledger, starting with the shares of the BTG Pactual fund, secured through 리플 Custody.
출처: AMBCrypto