In the last seven days, the price of XRP has traded within the range of $1.97 and $2.20 in the cryptocurrency market, with holders remaining optimistic.
Increase in XRP Open Interest
CoinGlass data shows that in the last 24 hours investors committed 1.67 billion XRP in open positions, equivalent to $3.58 billion in futures contracts. This increase in open interest may indicate expectations of a price breakout.
Factors Driving XRP Growth
XRP is currently trading at $2.15, representing a 3.32% increase over the last 24 hours. The uptick in open interest alongside the price increase supports the potential for a more sustainable rally. However, additional capital inflows are necessary to sustain momentum, as trading volume has declined by 4.53% to $4.69 billion.
Celebrity Opinions on XRP
Among notable supporters of cryptocurrency is Scottie Pippen, who expressed interest in XRP in relation to global trade tariffs. His endorsement may boost XRP's rise to the $3 level in the current cycle.
XRP is showing signs of recovery and potential breakout supported by ecosystem activity. If bulls can support the push to $2.30 and it stabilizes, XRP could reach $3 in this cycle.
