⚈ The dry settlement agreement feeds the prices of XRP prices at $ 2.37, up 6.81% in 24 hours.
⚈ XRP targets $ 2.40 then, with a potential exchange linked to the range between $ 2.58 and $ 2.75.
The open interest XRP, which measures the number of positions of derivatives open at any time, is close to a summit of one month.
As of May 8, there were just over 1.5 billion such open positions – 1,509,021,450, to be exact. This represents an increase of 13.37% compared to the positions of approximately 1.3 billion (1,330,942,764) which were opened a day earlier, according to the data analyzed by Finbold and recovered Market data platform Cryptocurrency.
This high degree of interest in the XRP speculative positions could soon exceed the current high of 1 month, reached on April 28, which totaled 1,521,467,165 positions, just 0.82% above the reading of May 8.
XRP price and increase in interest in tandem
At the time of the press on May 9, the price of XRP was $ 2.37, the token having taken a step of 6.81% up in recent 24 hours.
The main driver of the rally was the deposit by the Securities and Exchange Commission (SEC) of a letter of settlement agreement concerning the Ripple c. Long -standing dry. With the key obstacle to become a thing in the past, XRP prices have won in anticipation of the much higher degree of institutional adoption which is now possible.
The next XRP target is $ 2.40 – and less than a lowering market turn, digital assets will probably exceed this short -term threshold. Beyond that, the token could feel a short negotiation period linked to the beach in the $ 2.58 zone to $ 2.75, after which no significant obstacle exists before the $ 3 bar.
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