🚀 XRP Futures Soar 24% — Charts Hint at $6+ Breakout! 💥📈
🔥 Key Highlights
📊 Futures Open Interest Explodes
■XRP futures open interest +9.5% in 24h and +24% in 10 days → now at $8.68 B
■Funding rate +0.04% → long traders dominate
■On Binance, 74% of traders are long → bullish but watch for liquidations
⚖️ Legal Win Supercharges Sentiment
■Ripple’s SEC case resolved, boosting investor confidence
■XRP price jumped 6.8% intraday → from $3.10 to $3.31
📈 Chart Patterns Point to Big Gains
■Bull flag → breakout above $3.66 could target $5.80 (+77%)
■Rounded bottom → daily close above $3.40 opens road to $6.70 (+102%)
■RSI at 64 → still room before overbought
■Historical double-bottom breakout → potential for up to 10× price increase (longer term)
📌 Theme 💡 Insight
■Futures Activity: $8.68 B OI, longs dominate
Legal Developments SEC case win fuels rally
■Technical Analysis: Bull flag + rounded bottom aim for $5.80–$6.70
■Market Mood: RSI suggests more upside
💎 Bottom Line:
XRP is flashing bullish signals from technical charts to futures data. If resistance levels break, $6+ could be on the horizon in August — but traders should still watch for sudden reversals.