The price route of XRP towards $3.40 remains intact - Here’s why

The recovery of XRP's price continues as its open interest in futures increases, but will it be able to touch its multi-year highs at USD 3.40 this month?

The price of $XRP is forming a bullish V-shaped recovery pattern pointing to USD 3.40.

A 53% increase in open interest to USD 5.060 billion indicates bullish sentiment.

The price of $XRP shows positive signs as a bullish technical pattern emerges on its weekly chart, coinciding with the increase in open interest.