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Crypto

XRP price holds as Binance open interest falls 15.3 percent from six-month high

XRP open interest on Binance has fallen 15.3 percent from a six-month high over the past week, while the token\'s price has limited its decline to the 5 percent range. Data cited in the report show a shift in liquidation pressure toward leveraged long positions after the price peak, alongside lower estimated leverage and funding rates. Spot indicators showed higher Binance holdings and increased XRP Ledger transactions, though the data were not seen as conclusive for selling.

Crypto

Is Bitcoin in a bull market? Glassnode says volume is the issue

Bitcoin has entered an early phase of gains, but further upside is limited as a sell wall on Binance’s spot market caps prices, an analysis said. On-chain analytics firm Glassnode said Bitcoin has yet to turn into a broader uptrend backed by wide market participation, and that absorption of sell supply will be a variable for now. It pointed to waning spot Bitcoin ETF inflows and subdued trading volumes.

Crypto

Cardano holds key support; analyst targets $1, $3 and $5

Cardano (ADA) has regained the $0.235 level, prompting talk of a medium- to long-term rebound. Crypto analyst Crypto Patel said ADA defended a key weekly support area and entered an accumulation phase, citing a defended weekly order block, a held golden pocket and a reclaim of $0.235. He set targets at $1, $3 and $5, and said the bullish scenario would break if the weekly close falls below $0.137.