XRP Price Charts

On September 29, XRP prices rose by about 5% and are currently trading at $0.6278. Since September 6, XRP prices have risen by more than 10%, and in the past 30 days, its price has climbed from a low of $0.5027 to $0.6335, an increase of 26%.
 


The strong performance made XRP the third-largest gainer among the top 100 cryptocurrencies by market cap.

As market sentiment improves, traders are betting that XRP will see significant price movements. Cryptocurrency analyst Raajeev Anand said that the short-term price target for XRP is around $0.66. Analysts pointed out that technical formations such as symmetrical triangles and golden crosses indicate that the price of XRP may rise further.
 

In the long term, if the symmetrical triangle formed by XRP since 2020 is broken, it is possible to rise further to the bullish target of $2.0. In addition, anonymous analyst Jadee_757 pointed out that the relative strength index (RSI) sent a rare bullish signal on the monthly chart, showing XRP's upside potential.
 

Open interest surges

XRP’s open interest (OI) reached a five-month high on September 29, showing strong market interest in the token. Since September 7, XRP’s OI has increased by about 67% and currently stands at $932.3 million, which has risen in tandem with the price, showing increased market confidence.
 

Leverage Trading and Financing Rates

In recent days, the demand for leveraged long positions in XRP has continued to rise, and the financing rate has also risen accordingly. The current eight-hour rate of 0.0113% shows that futures traders are very optimistic about future price increases, which may further promote the upward trend of XRP.

Taken together, XRP's price action and the surge in open interest both indicate that the market is optimistic about its future performance. If this upward momentum continues, XRP's goal of breaking through $1 does not seem out of reach. Investors and traders should pay close attention to the next market dynamics to seize potential opportunities.

I have been working in the cryptocurrency industry for many years and I know how precious and ever-changing market opportunities are. In order to help you seize every opportunity in the ever-changing market, I will continue to provide you with the latest market analysis and professional trading strategies.
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