Ripple's XRP continued its rally on Wednesday as it looks to test the upper boundary of a key flag channel.
investors realized nearly $800 million in profits on Wednesday following its recent 20% rise. Options traders are preparing for the possibility of
options suggest bullish momentum amid profit-taking among investors 's weekly active addresses have also begun to taper off, declining from 496K last week to 341K on Wednesday. This signals lesser on-chain activity and investor interest for option, according to Amberdata, CoinDesk reported. The $5 call on options exchange Deribit also hosts a notional open interest of $1.25 million — the highest among out-of-the-money calls. Out-of-the-money calls are option contracts with a higher strike price than the underlying asset's market price. Ripple's
sustains a high volume above the upper boundary of the flag channel, it could signify the continuation of its rally with a maximum profit target near $4.75. However, it must first overcome the resistance near the $3.00 psychological level to complete such a move. The Relative Strength Index and Stochastic Oscillator momentum indicators are above their neutral levels and trending upward, indicating dominant bullish sentiment. A daily candlestick close below $1.
is the native token of the decentralized blockchain Ledger chain, helping financial firms save on the cost of transacting worldwide. What is L is maintained by a peer-to-peer network known as the global
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