XRP has shown a strong trend, rising by 5.61% in the last 24 hours, and the Open Interest in the derivatives market has exceeded $3.76 billion (approximately 5.2164 trillion won). With the price increase and a surge in long and short position settlements on exchanges, investor sentiment is quickly recovering.
Market experts analyzed that the recent surge in XRP's Open Interest has more significance than just short-term buying. Detecting supply changes beyond a simple price spike and institutional fund inflows, it is evaluated to have secured additional upward potential. The expansion of Open Interest typically implies a strong confidence in price direction. Currently, new liquidity is massively entering the XRP derivatives market, which can also serve as a basis for widening price fluctuations.
Particularly, XRP is maintaining stable liquidity while continuing attempts to break through strong resistance lines. According to CoinMarketCap, XRP is currently trading at $2.20 (approximately 3,058 won), with trading volume slightly increased to $4.27 billion (approximately 5.9373 trillion won) compared to the previous day. Starting at $2.05 (approximately 2,852 won), XRP formed its peak due to steady buying pressure and showed a strong trend of quickly rebounding whenever selling pressure emerged.
Market attention is focused on future direction. As both Open Interest and trading volume have increased, additional rises are possible if strong buying pressure is maintained. Conversely, if market sentiment reverses, massive short position liquidations could lead to rapid declines, requiring investor caution.
Thus, XRP is once again drawing investor attention. The concurrent price increase and derivatives market expansion is an important signal showing how powerfully Ripple is recovering its flow in exchange-centered markets. The potential for additional strength depends on the Open Interest trend and trading volume in the coming days.
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