$XRP

Targets $3.00 even as capital inflows increase - Can the bulls hold on?

The positive trend for XRP continues as it approaches $3.00 on Monday.

Open interest in XRP futures contracts rises to $8.3 billion amid stability.

Over the past week, digital investment products lost $104 million, while XRP continues to rise.

A 53% increase in trading volume to $23 billion during the same period indicates a high-risk mood and increased trading activity. Bullish traders expect XRP to rise and continue to thrive in the near term.

If the cryptocurrency market continues to praise Bitcoin's rise to new levels, a daily close above $3.00 is a possibility.

In Monday's market report, QCP Capital noted that "the cryptocurrency fear and greed index has changed drastically, rising from 40 to 70 in just three weeks, flipping sentiment from fear to greed."

The market seems optimistic at the moment, but greed could lead to sudden reversals, especially if investors sell to take profits.

Technical Outlook: XRP accelerates rise towards $3.00

XRP is approaching $3.00, indicating that bulls are targeting record levels above $3.40. The Money Flow Index (MFI) rises to 92 on the daily chart $XRP