XRP price dips to $2.54 but open interest hits $5.49B, signalling bullish pressure
MACD crossover supports bullish trend continuation.XRP holds key support at $2.50, eyes $2.71 price target.
A break below $2.50 could push the price down to $2.29.
XRP has declined slightly to $2.54 in the past 24 hours, but rising open interest signals that traders may be preparing for a potential rebound.
According to derivatives data, open interest in XRP futures has surged to $5.51 billion, its highest level in three months, suggesting increased speculative activity and renewed bullish pressure even as the price cools.
Open interest refers to the total number of active derivative contracts that have not yet been settled.
When it rises alongside—or in spite of—price fluctuations, it often indicates new capital entering the market and a build-up of leveraged positions.
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