XRP is witnessing huge fluctuations, with a price range from $ 2.22 to $ 2.10 during the past 24 hours. Despite this development, XRP holders remain up, as shown by more than a billion XRP committed to opening interest in the same time frame.
XRP forecast: $ 1.07 or $ 11
Coinglass The data reveals that the total number of future XRP contracts invested in derivatives by merchants was 1.74 billion XRP. This folder of XRP is $ 3.65 billion per current market value.
The increasing open attention above a billion indicates that market activity still encourages investors to commit funds. It is worth noting that the open interest remains one of the main measures used to measure investor confidence.
Analysts believe that the upcoming emotions of investors may be due to the flexibility and performance of XRP in the wider encrypted currency market.
For example, in the last 365 days, XRP increased by amazing 240 %. XRP performance exceeds 10 times the leading digital currency, Bitcoin, which has grown by 20.8 %. As such, holders can expect that XRP will continue in this long -term path.
The veteran traders have made a variety of XRP potential forecasts. Peter Brandt hinted that the XRP head style can decrease to $ 1.07 if the support level of $ 1.90 is violated.
However, Dark Defender expects prices that can reach $ 10 and $ 11 in an increase of more than 500 %. Ali Martinez says that if XRP rises above $ 3, this may destroy the head pattern, purity and market expectations.
Will XRP erupt before April?
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XRP 5.69 % lost its value commerce At $ 2.09 to this lines. However, the trading volume remains green, with a rise of 16.23 % to $ 4.12 billion.
Market participants continue to expect to shift upward prices during the closure of the last days of March. The time will only be determined whether the hack will happen before April.
