XRP Open Interest Increases 41% with $1 Billion Surge in One Week

XRP has experienced a 24% rally over the past week, boosted by a positive shift in market sentiment. Key developments include:

Bitcoin is above $100K and Ethereum at $2,200.
XRP Futures Open Interest rose by 41.6%, from $2.42 billion to $3.42 billion in one week.
This increase indicates heightened speculative interest among traders.
XRP is trading around $2.55, showing strong bullish momentum.
The asset has broken key resistance levels and remains above important moving averages.

Recent price action shows XRP consolidating below $2.60 but confirming higher lows and highs. Analysts are closely monitoring its trajectory for signs of a potential breakout. The next major resistance level is near $2.80, while support is established at $2.35.