#MarketRebound

Will Xrp hit a new all time high this year again? 🤔

XRP has experienced a notable increase in value, rising 25% since April 7, following the low of $1.61.

This surge coincides with a broader recovery in the crypto market and a significant rise in XRP's open interest, which has jumped 32% from $3.14 billion to $4.13 billion between April 21 and 23.

This increase in futures interest suggests a bullish sentiment among derivatives traders but the negative aggregated premium on open interest shows that the XRP futures market continues to bid against a price rise.

The funding rate remains near zero, reflecting a neutral stance between bullish and bearish traders.