<ul><li>XRP has shown significant gains in alignment with the broader cryptocurrency market, witnessing a 20% rise over the past week before a slight retreat to $2.54.</li><li>Trader interest in XRP is on the rise as indicated by activity in XRP derivatives on Binance, suggesting potential accumulation amidst growing speculative interest.</li><li>Open interest in XRP futures has rebounded from a low of $530 million to higher levels, signaling recovery in market confidence following a drop from its $1.5 billion peak.</li><li>The Taker Buy/Sell Ratio for XRP is at 0.91, implying selling pressure, but the steady price amidst this pressure indicates potential absorption by larger players, hinting at a bullish trend reversal or breakout.</li></ul>

XRP Sees Renewed Trader Activity as Market Absorbs Selling Pressure

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