XRP Futures Open Interest Soars to $3.91 Billion Amidst Growing Investor Confidence
XRP, the cryptocurrency linked to Ripple, has reached a historic milestone with futures open interest skyrocketing to $3.91 billion, reflecting growing investor confidence. Major exchanges like Binance, Bybit, and Bitget lead this surge, driven by positive legal news and increased use in cross-border transactions. Market analysts predict XRP could hit $3 soon, with potential peaks of $5.34 by 2025, showcasing its evolving role in the crypto landscape.
XRP Approaches Critical $2 Mark Amid Bullish Momentum
XRP is approaching the crucial $2 mark, a significant psychological barrier in the cryptocurrency market. Recent bullish momentum has led to a surge of over 50% in just a week, with analysts predicting a potential breakout above $2.13, which could signal a sustained rally and new multi-year highs. As investors closely monitor key resistance levels, XRP’s future trajectory remains pivotal amid evolving market dynamics.