$XRP 1.3633 Move looks stretched after the recent push, upside is limited here. Action: Sell / take profit Re-entry zone: 1.3560 – 1.3600 Targets (if rebound): 1.368 → 1.374 Stop loss: 1.3545 Right now it needs cooling, not chasing. #XRP #Rmj-Trades

Yesterday, I noticed an interesting movement in the market — Bitcoin finally broke through the 75,000 mark. The price reached 75,800, overcoming resistance that had held back the rally all year. But the most intriguing part is that this didn't happen just randomly; it was due to activity in the derivatives market. It turns out traders were massively closing bearish positions — put options they had opened back in February when Bitcoin was falling closer to 60,000. Now that it's clear the price won't drop to those levels, they are selling these hedging positions. And here’s where a chain reaction begins — when such positions are closed, market makers are forced to rebalance their portfolios by buying Bitcoin. This creates a secondary bullish effect from the derivatives themselves. The market as a whole is catching this momentum — the CoinDesk 20 index jumped 5% in a day. Ether increased by nearly 8%, XRP and Solana also gained. It seems this movement in derivatives is really giving a powerful boost to the entire crypto market. It will be interesting to see if this continues or if it was just a technical rebound.

XRP is currently trading around $1.36, and here’s what’s interesting to observe. The token shows an intriguing divergence — over 7 billion tokens have exited exchanges since February, which should normally support the price, but the rally remains stalled. Volumes are above average by 29%, yet a breakout above $1.35 has not occurred. Traders note that such situations rarely last long. When supply decreases and the price stays stagnant, it often precedes a sharp move. The token should hold support at the $1.31-$1.32 level, and if it breaks above resistance, the next target is $1.42. For now, the picture looks like this: a large compression between the reduction of available tokens and subdued momentum. Sellers are still active, but this balance is clearly unstable. It’s worth monitoring whether the price will break out of this zone — that will be a key signal for the next move.