🚨 $XRP Targets $3.00 as Bulls Face Mounting Capital Outflows 🚨

XRP is inching closer to the $3.00 mark, trading at $2.95 on Monday, supported by rising investor interest and Bitcoin’s climb to a new ATH of $123,000. Despite broader capital outflows from digital assets, XRP’s rally continues—fueled by bullish sentiment and increased derivatives exposure.

📈 Key Stats:

Open Interest in XRP futures hit $8.3B, signaling growing confidence.

Trading volume spiked 53% to $23B, reflecting heightened risk appetite.

Despite the uptrend, CoinShares reports $104M in outflows from XRP-related products last week, though YTD inflows remain strong at $231M.

XRP's Assets Under Management (AUM) now stand at $1.55B.

📊 Market Sentiment:

According to QCP Capital, the Crypto Fear & Greed Index surged from 40 to 70 in three weeks—shifting from fear to greed. While optimism is high, profit-taking could spark quick reversals.

🧠 Technical Outlook:

MFI has surged to 92, suggesting strong bullish momentum.

A daily close above $3.00 could set the stage for a run toward $3.40+.

Support zones to watch: $2.65 (May top) and the 50-day EMA around $2.32.

🔎 Eyes on XRP: Can bulls maintain momentum—or will the market's growing greed trigger a reversal?

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