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.