<ul><li>XRP price has dipped to $2.54 in the past 24 hours, but open interest in XRP futures has surged to $5.51 billion, indicating potential bullish pressure.</li><li>The Moving Average Convergence Divergence (MACD) indicator suggests a bullish trend continuation for XRP, with the MACD line above the signal line.</li><li>Maintaining key support at $2.50 is crucial for XRP's short-term outlook, with a successful retest potentially leading to a price target of $2.71. A break below $2.50 could drive the price down to $2.29.</li><li>Traders are closely monitoring XRP derivatives market as open interest surges, signaling increased speculative activity and potential price breakout scenarios. Factors influencing XRP's future performance include market sentiment, regulatory developments, and macroeconomic cues.</li></ul>

XRP price dips to $2.54 but open interest hits $5.49B, signalling bullish pressure

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