XRP has surpassed the local resistance at 2.55 USD, indicating bullish sentiment. The next resistance levels to observe are 2.64 USD, 2.77 USD, with potential targets at 3.0 USD and 3.4 USD. Recent market behavior shows positive momentum after whales accumulated during its recent rally.
While XRP’s Open Interest is currently at about 590 million USD, caution is advised as the market faces overhead resistance between 2.8 USD and 3.0 USD. Analysts emphasize the importance of breaking the short-term resistance to determine the future price trajectory.
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