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$XRP: Consolidation With Signs of Strength
The daily chart shows
$XRP trading around $2.99, moving along the middle Bollinger Band with relatively stable volume. After testing lows near $2.70, price is now pressing toward the upper band at $3.07, hinting at a potential breakout if momentum builds.
On the derivatives side, open interest across exchanges remains elevated at $2.5B+, a sign that traders are positioning heavily. Historically, spikes in OI have preceded sharp price swings - both up and down.
⚖ For now, XRP looks like it’s coiling in a tight range. The next decisive move could come soon, and OI data suggests it won’t be a quiet one.
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