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XRP is testing the $1.50 resistance level, a key threshold that has capped its advances for roughly 230 days, with a break potentially leading to $1.80+
Crypto trader Dom (@traderview2) noted that flipping $1.50 from resistance to support is crucial for XRP's latest recovery to develop into a larger move. Futures open interest for XRP stands at approximately $3.18 billion, with 24-hour futures volume reaching $3.90 billion, significantly higher than the spot volume of about $717 million. Open interest is rising across major exchanges, with Binance's XRP long-to-short account ratio at 2.16.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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