XRP has grown in the past seven days by 8.60 % among the continuous encryption market rally. The ecological system also received positive news about its legal battle with the United States. Therefore, it appears that XRP in an attempt to new levels with investor confidence in open attention.
The futures market shows strong support for XRP
According to Coinglass DataDuring the past 24 hours, the open interest of XRP increased by 5 %. A total of 1.99 billion XRP has been traded at a value of $ 4.74 billion by traders for the future of assets.
The open interest indicates the number of future contracts that investors opened on the XRP in the FIAT. The $ 4.74 billion confirm the confidence of XRP holders in the future price rally.
A data analysis shows that these XRP holders are more dominant on Bitget, Gate.IO, Binance and Bybit.
Bitget recorded the highest open interest with 28.27 % or 564.63 million XRP at a value of $ 1.34 billion. In the distant second, the gate was.
Binance and Bybit came in third and fourth, with a total of 321.97 million XRP and 318.64 million XRP, respectively. In this order, their values are 766.55 million dollars and 758.91 million dollars.
The XRP price maintains the upward trend despite the decline in size
At the same time, XRP is commerce At $ 2.39 in the encryption market, a slight increase of 0.16 % in the past 24 hours.
XRP remains ready to test the price level of $ 3. It was aimed at $ 2.50 before facing resistance at $ 2.42. This was likely due to the decrease in trading volume, which decreased by 37.50 % to $ 4.27 billion. XRP height can support 3 dollars.
You may also like
Many expect a shift with the Securities and Stock Exchange Committee (SEC) and Ripple recently that has reached an agreement on their legal battle for about five years.
XRP is likely to gain more attractiveness as investors continue, which may support its growth to the target of $ 3. As U.Today mentioned, Blackrock representatives have already met with SEC, and some speculate that the asset manager may soon offer a box traded in XRP (ETF) exchange.
