Will Ripple’s Crypto Flip Our Universe Upside Down? 😱

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  • It appears the number of Ripple transactions has plummeted like an enthusiastic lemming off a cliff.
  • Meanwhile, in a dimension known as the derivatives market, the masses still feel a curious urge to snap up XRP.

Ripple [XRP], in an admirably stubborn attempt to ignore the world’s chaos, has barely scuffed its knees during the latest market meltdown—some other assets, it must be said, looked like they were auditioning for a disaster film. 😏

Word on the street says sentiment switched from “meh” to “hooray!” as XRP leapt 2.35% in the last 24 hours, marking its first triumphant jig after a week and a month of, shall we say, unenthusiastic shuffling.

But let’s not get carried away. The tea leaves of the market remain thoroughly indecisive. Nevertheless, the eccentric folks in derivatives are all grinning and waving their pom-poms for a jolly rally. 😜

AMBCrypto dusted off its crystal ball for a glimpse of the possible shenanigans ahead.

Key metrics show a sharp drop

In the grand drama of on-chain gossip, interest appears to be dozing off. Notable metrics, which usually wave big flags and scream “We’re Alive!”, have been quietly tiptoeing away over the last few days.

Apparently, our transaction count has misplaced about half of itself—slipping from 1.4 million to a mere 657,000. One imagines it might be on a teabreak. ☕

This lack of hustle suggests a certain dozing-off of network activity. Perhaps the cosmic forces of boredom have conspired against it.

And as for unique accounts fiddling with XRP, half of them appear to have wandered off—dropping from 19,018 to 8,039. Maybe they heard there were free snacks somewhere else.

Without enough enthusiastic cheerleaders, a sprightly price tango might be difficult in the near future.

Bullish narrative builds in the derivatives market

In Twisty Land, otherwise known as the derivatives sector, traders are currently chanting “Up, up, and away!” as buy contracts take center stage. 💰

The grand measure of Open Interest (OI) has been steadily expanding in both futures and options. In futures, it grew by 2.15% to hit $3.18 billion, and in options, an outrageous 108.93%, reaching the dizzying heights of $242,000.

Even the Funding Rate, perched at 0.0091% over the last day, suggests long positions are driving the carnival—apparently, risk is so last year.

The Open Interest Weighted Funding Rate (please try saying that three times fast) currently stands at a positively perky 0.0078, possibly hinting the masses believe XRP could float like a balloon caught in a warm updraft.

Should the rosy mood prevail, our friend XRP might indeed rise beyond its piggy bank dreams.

Where is XRP heading?

Word around the rumor mill is that XRP is eyeballing $2.1004 like a cat staring at the top of the fridge. But if it can’t scramble over that lofty shelf, well, gravity might give it a persuasive tug downward.

If the bullish oomph fizzles, there are some cushy couches at $1.923, $1.850, or $1.759, where XRP might just curl up for a nice nap. 💤

But should a miracle occur and the coin vault up above $2.233, we might just witness XRP finding a new vantage point atop the market’s metaphorical bookshelf. Stay tuned for the next thrilling chapter!

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2025-04-13 09:16