The XRP futures market has been extremely hot these days. The open interest has skyrocketed to over $4.03 billion, with traders settling 1.93 billion tokens, creating a very bullish market sentiment. The price remains firmly above the $2.05 support level, with the latest quote at $2.10, a daily increase of 0.46%.
CME and a leading exchange are leading the way, with settlement contract amounts reaching $894.7 million and $615.52 million respectively, showing strong momentum. Although trading volume has decreased by 30.51% to $2.67 billion, technical indicators like RSI and Bollinger Bands are both showing signs of building momentum. Coupled with frequent whale activity and a noticeable increase in on-chain network usage, XRP's price is accumulating energy for a breakout. If these indicators continue to align, the $2.15 barrier is not out of reach.
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The XRP futures market has been extremely hot these days. The open interest has skyrocketed to over $4.03 billion, with traders settling 1.93 billion tokens, creating a very bullish market sentiment. The price remains firmly above the $2.05 support level, with the latest quote at $2.10, a daily increase of 0.46%.
CME and a leading exchange are leading the way, with settlement contract amounts reaching $894.7 million and $615.52 million respectively, showing strong momentum. Although trading volume has decreased by 30.51% to $2.67 billion, technical indicators like RSI and Bollinger Bands are both showing signs of building momentum. Coupled with frequent whale activity and a noticeable increase in on-chain network usage, XRP's price is accumulating energy for a breakout. If these indicators continue to align, the $2.15 barrier is not out of reach.