XRP News: Strong Momentum Building 🚀
🔺 Key Points:
XRP has gained ~1.7% in the last 24 hours and ~6% over the past week, recently trading above $3 for the first time in several weeks.
Institutional investors are showing renewed interest: $14.7 million flowed into XRP investment products last week, bringing year-to-date inflows to approximately $1.4 billion.
Derivatives activity is heating up — XRP’s open interest rose ~11% in the past week, reaching $8.3 billion, highlighting growing trader confidence.
📈 Price Outlook: Analysts now view $3.12 as the next resistance level, with more optimistic targets at $4.50 if the current momentum holds and key technical breakouts happen.
✅ Why This Matters:
Sustained institutional inflows suggest growing belief in XRP’s long-term fundamentals.
Rising derivatives open interest signals more market participants are positioning for upside.
Crossing and staying above psychological levels (like $3) can reinforce confidence
