INSUBCONTINENT EXCLUSIVE:
chart, a move associated with strong upward momentum
Key developments surrounding Ripple and a surge in XRP futures demand may signal the start of a rally to $3.20 or higher.Increasing OI backs
surged 11% over the last 24 hours and 30% over the last 10 days to $4.75 billion today, signaling the return of derivatives traders
Futures OI increasing alongside the price indicates a growing interest from institutional investors, which is generally seen as positive, as
it tends to increase liquidity and attract more trading capital.XRP open interest
Source: CoinGlassHistorically, significant leaps in OI have preceded major rallies in XRP price
For example, the current scenario mirrors the XRP price rise when US President Trump announced a 90-day tariff pause, leading to a 91% jump
in OI to $5.75 billion from $3 billion between April 9 and May 14
across all exchanges is currently skewed toward bullish positions at 68%
Source: CoinGlassXRP price eyes a 40% rally to $3.20The XRP/USD pair is expected to resume bullish momentum after breaking out of a
shown in the figure below
price.XRP/USD weekly chart featuring a pennant
Source: Cointelegraph/TradingViewPseudonymous analyst Best Analysts shared a chart showing XRP trading closer to the upper boundary of a
$3, citing persistent whale accumulation, institutional demand for a possible spot ETF, and improving regulatory clarity.This article does
not contain investment advice or recommendations
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
