$GLMR The most unusual detail today is not the 65% gain, but that the funding rate is actually sitting at 0.0000%. The price posted a 43% 24-hour range, yet neither longs nor shorts were willing to pay the other side, indicating that the current rise is driven by spot buying and passive short covering rather than leveraged funds actively chasing longs. Under this structure, once the short squeeze ends, the pullback is often fast and sharp. From the long-short battle perspective, MA5=0.01267 has clearly pulled away from MA20=0.01052, RSI=82.6 has entered the overbought zone, the MACD histogram at +0.0003567 remains bullish, and the Bollinger upper band at 0.01426 is pressing right around the current price of 0.01399. In other words, the price is running along the Bollinger upper band, so the risk-reward ratio for chasing longs in the short term is unfavorable. The Fear and Greed Index at 67 is in the greed zone; sentiment is overheated but not extreme, meaning there is still momentum, but the risk of sharp wicks is accumulating. Funds are currently positioned on the long side, but the zero funding rate suggests that longs are unwilling to add leverage, making this look more like an impulsive move driven by short liquidations. Operationally, I favor buying the pullback rather than chasing the high. The entry reference is 0.0126–0.0130. This range is where MA5 overlaps with the previous breakout platform, while also sitting near the area above the Bollinger middle band; holding this level on a pullback would indicate that the bullish structure remains intact. Take-profit 1 is 0.01426, the Bollinger upper-band resistance; take-profit 2 is 0.0155, the measured extension after breaking above the upper band. Set the stop-loss at 0.0118; a break below MA5 and a loss of the support above the Bollinger middle band would be considered the end of the short squeeze. If the price surges directly without looking back, forgo entry and do not try to catch a falling knife. Also watching: $CHZ , $XRP . Both have posted moderate gains; CHZ's 0.0087% funding rate is overheated, but its MACD has turned bearish, while XRP is moving sideways near its moving averages. Their relative strength is also inferior to GLMR. (Personal opinion for reference only; this does not constitute any investment advice. Futures trading carries extremely high risk, so strictly control position size.) [Data] Coin: GLMRUSDT Direction: Long Entry: 0.0126–0.0130 Take-profit 1: 0.01426 Take-profit 2: 0.0155 Stop-loss: 0.0118

$XRP — The Market Is Watching a Key Supply Battle $XRP is entering October with a much more interesting setup than the recent price action suggests. The token is hovering around the $1.48–$1.50 area, while traders are weighing institutional demand, ETF flows, fresh XRP supply and upcoming XRPL developments. One of the biggest developments is the 1 billion XRP escrow release at the start of October, worth roughly $1.5 billion at the time. The important detail is that the release does not automatically mean all of that supply hits the open market, but it has still created additional attention around XRP's supply dynamics. At the same time, institutional demand remains an important part of the story. U.S. spot XRP ETFs have continued attracting capital, with cumulative inflows reported near $1.8 billion by the beginning of October. That creates an interesting supply-demand contrast: new supply from escrow releases versus continued demand through regulated investment products. 🔥 XRPL fundamentals are also changing The XRP Ledger is becoming increasingly focused on stablecoins and tokenized assets. XRPL's stablecoin capitalization reached roughly $1.33 billion, with RLUSD representing the overwhelming majority of that amount according to recent DefiLlama data. Ripple's own latest transparency figures show RLUSD circulating supply around $2.409 billion as of September 24, highlighting how quickly the stablecoin has expanded beyond its earlier stage. Another catalyst is approaching: the XRPL Batch amendment is expected to activate on October 9, while permission delegation is expected on October 8, according to current market reporting. These upgrades could bring additional functionality to the ecosystem. 📊 The level that matters now From a trading perspective, $1.50 is the immediate psychological battleground. XRP has struggled to establish a convincing move above this area, while recent market data places approximately $1.46–$1.48 as an important nearby support zone. A sustained move above $1.50 would put renewed attention on the higher resistance zone around $1.54–$1.56, while losing the $1.46 area would weaken the short-term structure and expose XRP to another test of lower levels. The bigger picture is therefore becoming a battle between ETF demand, XRPL adoption and tightening exchange supply on one side, and escrow-related supply plus short-term profit-taking on the other. $XRP doesn't need hype right now—the market is watching whether real demand can absorb available supply and push the token beyond its current resistance zone. $XRP

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