#CryptoRegulation - At the moment the offer ceases, the price of XRP will resume the upward movement.

From a technical analysis perspective, there are signs of a possible breakout to the upside for the price of the crypto asset.

The third largest cryptocurrency by market capitalization, XRP, closed its fifth consecutive week with a positive return. This continuity marks a consolidation of momentum, which offers a good signal for its quotation, while its speculative market begins to reactivate.

According to data from Binance (the largest cryptocurrency exchange in the world) shown by the CryptoQuant explorer, the open interest — which measures the capital in active futures contracts — of XRP has been consistently increasing for a month.

Until then, the open interest of XRP was declining after reaching a historical high of 1.5 billion dollars (USD) at the end of last year.

This suggests a renewed appetite from traders to position themselves in this market and possibly greater price volatility ahead, warns analyst and trader, Boris Vest.

The funding rate — an indicator that reveals the bias of traders in futures contracts — remains in neutral territory, reflecting an apparent balance between bullish and bearish bets. This reflects an improvement in market sentiment, as it was negative before the price rally.

Meanwhile, the taker buy/sell ratio on Binance, which measures who takes the initiative in buyer and seller operations, is at values below 1, reflecting strong selling pressure in the market, as seen below. However, this is not generating a negative impact on the price.