Market Analysis

XRP Price Action Hints at 50% Upside Despite Open Interest at 6-Month Low

2 hours ago

Currently, buyers are attempting to defend the $1.9 level. If they manage to do that, the price could move higher toward the 50-day moving average around $2.04 and later test the $2.2 resistance level. Sellers are likely to strongly defend that level, as a clear break above it could signal a shift in trend and open the door for a rally toward $3, resulting in a 50% surge.

On the downside, $1.8 remains a key support. A drop below the ascending trend line could extend the downtrend, potentially pulling XRP down to the critical support level of $1.6.

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