XRP has gained bullish traction with a $123 million increase in open interest, reflecting heightened investor interest and optimism for the token. The rise in open interest indicates that more investors are betting on XRP’s upward movement, fueling buying momentum in the market. Technical indicators, such as the Relative Strength Index (RSI), have moved above neutral levels, pointing to increased buying pressure and a stronger bullish outlook for XRP.
This uptick aligns with a broader positive trend in the cryptocurrency market, where investor sentiment is favoring upward movements. The heightened confidence and increased interest in XRP suggest that the token may continue its upward trajectory in the near term, making it a focal point for traders watching for further gains.
