Rocket Pool (RPL) has experienced a remarkable surge, climbing over 34% in the past 24 hours to trade around $6.46 as of June 3, 2025. This rally is accompanied by a significant increase in trading volume, exceeding $60 million, indicating heightened investor interest and market activity.
The surge in RPL's price is supported by technical indicators. The Relative Strength Index (RSI) has risen above 68, suggesting strong bullish momentum, while the Moving Average Convergence Divergence (MACD) has shown a bullish crossover, signaling potential for continued upward movement.
Additionally, Rocket Pool's open interest in futures contracts has reached record levels, increasing from $2.3 million to $15.9 million within a day. This surge in open interest reflects growing investor confidence and a substantial influx of capital into the market.
Rocket Pool is a decentralized Ethereum staking protocol that enables users to stake ETH with as little as 0.01 ETH, receiving rETH tokens in return. These tokens accrue staking rewards over time, providing liquidity and flexibility to stakers. For node operators, the protocol lowers the entry barrier by requiring only 8 ETH to run a node, compared to the standard 32 ETH for solo staking.
The recent price movement positions RPL as a notable performer in the crypto market, attracting attention from both retail and institutional investors. As the protocol continues to evolve and gain traction, RPL's performance will be closely watched by market participants.
