Just noticed XRP flipping back into the conversation this week. Price hit $1.35 and the token's been on a decent run, though it's still trading well below where it was a few months back. Market cap sitting around $83.2B now, putting it right in that competitive zone with other major assets. What's interesting is the open interest story on derivatives. Even with XRP down significantly from its peak, traders are actually building positions rather than bailing out. The open interest has climbed to 353 million XRP according to the data, up 59% since late October when the price was much higher at $2.39. That's the opposite of what usually happens during downturns - you typically see people closing leveraged bets, not adding to them. The catch is that current open interest is still below the 400 million peak from September before things crashed hard. So there's room for more leverage to pile in, but that's also the setup that preceded the last wipeout. If XRP can hold the $1.50-$1.60 range, the structural support from all these leveraged positions might actually stick. But if it flips and breaks down, all that open interest becomes a problem real fast. Watching to see if this buildup means something different or if we're just setting up for round two.

Just now, I observe XRP being held at the support level of $1.35. The token has been traded today within a relatively narrow range of about 1.9% and initially dropped to $1.3473 before buyers quickly stepped in and stabilized the price. Interestingly, the trading volume has increased significantly during this process. The current situation looks like this: XRP is currently consolidating between the support at $1.35 and resistance in the $1.36 to $1.37 range. This narrow range usually indicates that a larger move is imminent once enough liquidity has been accumulated. The 24-hour data shows a high of $1.40 and a low of $1.35, with a decline of about 1.02%. What I find interesting: Despite the broader correction phase that has been ongoing since the end of February, buyers are stubbornly holding on during pullbacks. This suggests that demand at these levels is still active. If the $1.35 support remains intact, XRP could attempt to target the resistance at $1.36 to $1.37, with a possible target toward $1.40. However, if the price breaks below $1.35, the next support would be in the $1.30 to $1.32 range. Many traders are closely watching these levels as the market consolidates and waits for the next impulse.

I'm selling here and the market has absorbed this news about Iran well. Tuesday was interesting - ETH went back above $2K ( now at $2,32K), SOL rose 2.9% to $82.91, and even XRP gained a little to $1.35. The trigger was Trump saying that the situation with Iran would be resolved soon. What caught my attention is that even with the volatility, institutional investors continued putting money into crypto. About $619 million entered into funds this week, with $521 million directly into Bitcoin. Like, the market absorbed the drop in the S&P and the 92,000 jobs cut, but spot Bitcoin ETFs continued attracting capital. This suggests it's not capitulation; it's a tactical entry indeed. Now the point everyone is watching is whether Ethereum can stay above $2K and move toward $2,5K. This shifts the narrative from just "surviving" to really starting a new trend. Solana is structurally weaker, down 55% from cycle highs, and is following more the macro sentiment than the actual activity of the ecosystem. Next week, the Fed meeting on (17 and 18 of March), and this could put significant pressure on altcoins if they come out hawkish. Bitcoin's correlation with the S&P has been 0.78 over the last 90 days – when Bitcoin and stocks move together, altcoins amplify everything. So if the Fed signals rate hikes, has the crypto market absorbed enough, or will it suffer again?