⚡ Ripple Set to Surge? Key Factors Could Drive XRP’s Next Move
With markets leaning toward a risk-on sentiment, XRP is holding firm above the crucial $3.00 level, which previously acted as resistance. The token is showing renewed strength as Open Interest (OI) in XRP futures stays above $7 billion, while funding rates hint at a bullish outlook.
XRP is trading just above $3.00 as of Monday, rebounding after last week's market turbulence driven by the Fed’s interest rate pause and new tariffs from President Trump, set to begin August 7.
What traders are watching:
A confirmed daily close above $3.00 to validate continued upside.
Despite a sharp dip after peaking at $10.94B on July 18, OI has bounced back to $7.23B — a sign of growing interest.
If OI continues its upward trend past $7B, XRP could rally back toward its July high of $3.66.
Funding rates also show positive signs: after falling ahead of last week’s drop, the weighted funding rate climbed back to 0.0090%, suggesting renewed speculative appetite.
Technically, XRP remains in bullish territory:
Trading above 50-day and 100-day EMAs ($2.79),
Up 11% from Saturday’s low of $2.73,
Key levels to watch: Resistance at $3.33 and $3.66,
If $3.00 support fails, EMAs at $2.58 and $2.34 may catch the dip.
