According to Cointelegraph, XRP is currently experiencing its most sustained phase of spot premium, marking a period where the spot market is trading at stronger levels compared to perpetual futures. This suggests real buying demand rather than speculative futures trading. Historically, XRP's major price peaks since 2020 have been driven by the perpetual futures market, leading to sharp price drops due to excessive speculation. However, the current spot premium indicates that actual buyers are driving the rally, pointing to a more stable price rise
source: https://www.binance.com/en/square/post/23708273741761?utm_source=BinanceNewsRSS