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Ripple (XRP) Price: Breaking Down the 11% Rally and $5B Open Interest Surge

  • XRP experienced an 11% price rally on January 11 and broke out of a symmetrical triangle pattern.
  • Open interest in XRP has doubled from $2B to $5B, indicating heavy speculator involvement.
  • Trader Peter Brandt described XRP as the "leader of the pack" and identified a potential half mast flag pattern.
  • Short-term indicators for XRP include profit-taking pressure and resistance at the $2.53 level.

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