XRP Open Interest Surges 41% As Speculation Grows – Over $1B Added In Just One Week
XRP has experienced a 24% rally recently, driven by bullish sentiment in the crypto market, with Bitcoin above $100K and Ethereum at $2,200. Analysts anticipate a potential breakout for XRP, emphasizing the need to reclaim key resistance levels. A significant factor in this optimism is the increase in XRP Futures Open Interest, which rose from $2.42 billion to $3.42 billion, marking a 41.6% increase in one week. This surge indicates heightened speculative interest among traders. XRP has surpassed the $2.50 mark and is testing the $2.60 zone, with strong support at $2.35. The current price action suggests a possible major move ahead, supported by elevated open interest and renewed investor confidence, making the upcoming sessions critical for XRP's trajectory.
