The crypto market is turning its eyes toward XRP, which has recently shown clear signs of accumulation and growing volatility. Traders have taken notice as open interest in XRP soared by more than 18%, signaling a potential major price movement ahead.
🔹 Open Interest Climbs to $10.52 Billion
The total value of active derivatives contracts for XRP has skyrocketed, showing a rising wave of speculation. Alongside that, the daily derivatives volume jumped nearly 140%, reaching $39.61 billion. These metrics confirm that bullish momentum is building, targeting a breakout of key resistance levels.
🔹 Ripple Whale Moves $173 Million Worth of XRP
Big players are stepping in. One whale wallet tied to Ripple transferred 53.5 million XRP tokens, worth around $173 million, sparking speculation over whether this marks a profit-taking move or a larger strategy by Ripple. This follows a recent transfer of $26 million in XRP to Coinbase by Ripple co-founder Chris Larsen.
🔹 MVRV Golden Cross Signals a Massive Rally
Renowned crypto analyst Ali Charts pointed to a strong bullish signal – a golden cross on the MVRV (Market Value to Realized Value) ratio. The last time this pattern appeared, XRP surged by over 630%. With the same signal flashing again, XRP may be on the edge of another massive price breakout. Currently, XRP is trading at around $3.47, up 13.5% from its daily low and over 35% for the week.
🔹 ETF Hype and Regulatory Momentum Boost Sentiment
There’s growing excitement over the possible launch of a U.S.-listed XRP ETF, potentially from ProShares, which could arrive as soon as tomorrow. This anticipation is fueling bullish sentiment and could push XRP to a new all-time high.
On the policy front, optimism is growing after the U.S. House of Representatives passed the CLARITY Act, which aims to introduce a clear regulatory framework for digital assets. XRP, often entangled in legal uncertainty, is one of the biggest potential beneficiaries.
🔹 XRP Outpaces the Crypto Market
While Bitcoin and Ethereum have been relatively flat, XRP is surging ahead. Its market cap has now surpassed $200 billion, positioning XRP as a standout performer in a market hungry for clear regulation and institutional confidence.
With technical signals, legal clarity, and ETF hopes aligning, XRP appears poised for a powerful breakout that could redefine its position in the crypto world.
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