XRP futures open interest surges by 32% — Are traders bullish or bearish?

XRP’s price has risen significantly, recovering from a low of 1.61 USD on April 7. The surge in open interest by 32% highlights increased interest from derivatives traders.

Analysts suggest mixed market signals. While spot markets show bullish activity, the futures market indicates a neutral stance. Sistine Research forecasts potential price targets for XRP ranging from 33 USD to 50 USD based on historical patterns.