🚀 XRP Bulls Eye New All-Time High as Futures Open Interest Explodes 💎🔥

XRP is holding strong above $3.00, but the $3.40 resistance remains the key hurdle. Meanwhile, futures Open Interest (OI) has surged past $8.5B, fueling speculation of a record-breaking rally.

📊 Market Snapshot:

Price: Consolidating between $3.00 and $3.40

Futures OI: $8.5B — up 17% from Aug 3’s $7.05B (CoinGlass)

Funding Rates: Jumped from 0.0004% to 0.0108%, signaling more leveraged long positions

Volume: $12.64B as OI & funding rates climb

⚖️ Legal Boost:

Ripple and the SEC have jointly requested to dismiss appeals, potentially ending a 5-year legal battle. Ripple will pay $50M from $125M in escrow — clearing a major cloud over XRP.

📈 Technical Outlook:

MFI back above 40 → More capital flowing into XRP

Key EMAs rising:

• 50-day: $2.88

• 100-day: $2.66

• 200-day: $2.39

Strong support at $3.00 — these levels could absorb selling and hold the line above $2.00.

🚀 The Breakout Path:

If bullish futures momentum continues, XRP could break $3.40 and challenge July 18’s $3.66 record high.

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