Holding steady, XRP bulls target $3.00

XRP futures Open Interest rose over $1 billion last week, boosting speculative activity.

With bulls targeting $3.00, trading interest continues XRP soaring.

Whales invest on short-term returns at XRP, raising risk appetite.

On Wednesday, Ripple (XRP) trades flat at $2.60, continuing its positive trajectory as crypto markets rejoice on improving mood. Increased whale exposure to XRP, particularly those holding above 10 million XRP, might drive the surge. In the previous week, XRP futures Open Interest (OI) increased by over $1 billion, indicating significant market interest.

In one week, XRP futures open interest rises above $1 billion.
Trades and investors are drawn to XRP's steady rise from the tariff-triggered slump to $1.61 in April. Glassnode said Tuesday that XRP futures OI rose 41.6%, or over $1 billion, in leverage positions in a week.

Since mid-February, OI fluctuated, peaking at $3.2 billion in late February and falling to $2.2 billion in mid-March. April saw sideways oscillations before rising to $3.42 billion, a three-month high.

OI rose as high volume investors expanded their XRP exposure from mid-March, reflecting their risk appetite. According to Santiment's Supply Distribution chart, addresses with 10 million to 100 million XRP own 12.22% of the supply, up from 10.76% on March 17.

However, investors with over 1 billion coins have returned to XRP after selling at April's top of $2.36. This cohort currently makes up 39.13% of the supply, up from 37.53% on May 3.

Looking ahead: XRP bulls maintain $3.00 target

#TradeLessons #TrumpTariffs #NewsTrade #TradeWarEases $XRP