Attention lovely people, get ready because XRP just did something epic! Its Open Interest (OI), which is like the thermometer for how much money is being bet on its futures, reached a new all-time high! 🤯 We’re talking about over 10 billion dollars!
Imagine this: XRP is flirting with $3.48, a price we haven’t seen in years. And the most interesting thing is that every time Open Interest rises like this, the price of XRP usually follows suit with a tremendous increase! It’s as if the crypto universe is giving it the final push. 💫
According to the wizards at Coinglass, this figure of $10.49 billion in XRP futures is a sign that a lot of people are moving capital and betting big. Platforms like Bitget, Binance, Gate, and Bybit are on fire with a ton of open positions, showing that traders are super confident about what’s coming for XRP. 🔥
The nice thing about this is that when Open Interest and price rise together, it’s a sign of solid confidence in the market! It’s not a mirage, it’s real people investing greenbacks. 💰 An analyst named Armando Pantoja even dares to say that XRP has entered "price discovery territory" (what a cool name! 😎), and it could be aiming for $4, $6.37, and even $8.12 before the end of 2025. Can you imagine!
So, while XRP recovers from a somewhat "boring" period where it was around $2, it now seems that the rocket is already on the launch pad. Could this be the start of a monumental rise? Stay glued to the screen because this is getting interesting! 🍿$XRP
