XRP is trading around $1.10 to $1.12 after slipping about 2% over the past day, even as spot demand for the token climbs to its strongest levels since June. The price action leaves the asset struggling to hold above the $1.14 area following its weekly advance. Meanwhile, LiquidChain — a Layer 3 infrastructure project building a unified cross-chain execution environment — has raised $917K in its presale at $0.01483 per token.
Spot market heats up, derivatives stay cool
On-chain data shows spot buying pressure for XRP has picked up noticeably. That's the kind of demand that usually supports a price floor. But derivatives traders aren't biting. Open interest hasn't surged in tandem, and funding rates remain subdued — a sign that leveraged players aren't convinced the rally can sustain itself just yet.
The divergence between spot and derivatives markets isn't new for XRP, but it's becoming more pronounced. Spot buyers are absorbing supply, while futures traders seem to be waiting for a clearer breakout above resistance near recent highs before piling in.
Technicals: MACD bullish, RSI overheated
The MACD indicator continues to favor buyers, keeping the medium-term setup constructive. But the Relative Strength Index recently touched overbought territory, which historically has preceded short-term pullbacks or consolidation. The two indicators are sending mixed signals — bullish momentum on one hand, exhaustion risk on the other.
Resistance near the recent highs remains the level to beat. If bulls can push through and hold above that zone, the technical picture would brighten considerably. If not, the current range could persist for a while longer.
Institutional narratives and ETF speculation
Institutional adoption stories and ETF-related speculation continue to underpin the medium-term outlook for XRP. Ripple's own developments add another fundamental layer alongside the technical picture. None of that is new this week, but it's keeping the bid alive among longer-term holders.
LiquidChain presale passes $900K
LiquidChain is positioning itself as a Layer 3 cross-chain execution environment that fuses liquidity from Bitcoin, Ethereum, and Solana. Its "Deploy-Once" model lets developers ship a single contract and reach all three ecosystems simultaneously. The presale, priced at $0.01483, has raised $917K to date.
The project is still early — under $1M raised — but the cross-chain interoperability angle is drawing attention in a market that's hungry for scalable infrastructure. Whether it can sustain momentum through to a token launch remains an open question.
