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XRP Open Interest jumps 42% – Is this the start of a sustained rally?

  • XRP Open Interest surged 41%, indicating strong speculative confidence in Ripple's breakout and potential trend reversal.
  • Bulls may be quietly building for a sustained rally as neutral Funding Rates and absorbed sell pressure suggest balanced sentiment and potential upside.
  • Futures Open Interest on XRP increased sharply by over $1 billion, rising by 41.6% in the last week, reflecting renewed directional conviction.
  • XRP broke out of a descending channel and holds above $2.38, with Fibonacci projections pointing to $2.82, $3.01, and $3.38 as next targets if bulls maintain control.

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