Ripple (XRP) Poised for Breakthrough Following 32-Week Stagnation

Ripple (XRP) has finished a 32-week period of consolidation, a pattern similar to a 2017 trend that led to a significant price surge. This comes as futures open interest reaches $5.17B, indicating traders expect near-term XRP momentum. Meanwhile, XRP was traded at $2.34 with a 2.4% gain in the last 24 hours, increasing its weekly gain to 6.48% and pushing its total market capitalization to around $137.4 billion.

Notably, trading volume has dipped 42.4% during this period, signaling weaker conviction despite a positive overall trend. Technical data indicates XRP is emerging from a long-term symmetrical triangle, often a precursor to a directional move, and the futures market open interest is nearing a record, suggesting traders are preparing for significant moves.