Moon soon? XRP's strongest spot premium aligns with 70% rally setup

Quick Summary:

Source: TradingView/DomAs of 2025, a spot premium suggests that demand from actual XRP buyers is driving the rally, pointing to a more stable price rise compared to past runs powered by leveraged bets.

Source: Eric BalchunasRelated: SEC punts decisions on XRP, DOGE ETFsFalling wedge hints at 70% XRP price rally XRP has been consolidating within a falling wedge pattern on the weekly chart — a structure defined by downward-sloping, converging trendlines.

XRP’s 350% rally is backed by real demand Since 2020, most major XRP price peaks happened when the perpetual futures market was leading, noted market analyst Dom in his May 2 post on X.

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Article Details

Author / Journalist: Cointelegraph by Yashu Gola

Category: Crypto

Markets: United States

Topics: Demand Pattern Upside Premium Price Spot Suggests Market Been Xrp’s Futures

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-02 @ 15:25:57 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 467 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28321905

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

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