CandleFocus XRP Open Interest Jumps by 35%, Traders Eyes on ATH
2024-11-29
Author: Content Editor
XRP, the native token of Ripple, has experienced a significant price surge of over 17%. This surge has been driven by a bullish breakout from a consolidation zone and has attracted interest from traders and investors. On-chain analytics show that XRP's open interest has increased by 35% in the past 24 hours, indicating growing confidence in the token. Whales and investors have also been accumulating XRP during the consolidation, further bolstering confidence. Technical analysis suggests that XRP could potentially soar by 15% to the $2 level in the coming days, but there is a possibility of a price correction based on indicators like the Relative Strength Index. XRP is currently trading at $1.71 and has seen a 17% surge in the past 24 hours.
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