Assessing why XRP’s run to its ATH faces a MAJOR risk!

Key Points

1. XRP's price has surged nearly 40% in a month, with over half of the gains occurring in the past week, but its RSI is nearing overbought levels, indicating potential overheating.

2. The XRP/BTC ratio has risen 30% in under two weeks, reclaiming key resistances, but a similar past scenario saw XRP drop 35% when BTC broke out.

3. BTC is currently coiling below a key breakout level, and if it breaks out, funds may rotate from XRP back into BTC, risking a pullback for XRP.

4. XRP is approaching a supply wall at $3.15, with $1.5 billion in realized profits locked in over three days, but strong bid support is currently sustaining the price.

5. Derivatives data shows a record $9.24 billion in Open Interest for XRP, raising the risk of a deleveraging flush if the XRP/BTC playbook repeats.