XRP Futures Traders Defy Market Slump with Bullish Bets

XRP's derivatives market is showing signs of bullish sentiment despite the broader market slump. According to CryptoQuant data, XRP's Taker-Buy-Sell Ratio has reached a seven-day high of 1.014, indicating that futures traders are absorbing sell-side liquidity and betting on a near-term recovery.

The rising open interest in XRP's futures market also confirms this bullish projection, with a five-day high of $826 million in outstanding derivative contracts. This quiet accumulation suggests that investors are cautiously accumulating the token despite its current price stagnation within a descending parallel channel.