Ripple’s XRP is currently in the green following days of consolidating price action. The coin has surged past the $1.1 resistance level thanks to rising derivatives activity and US spot XRP exchange-traded fund (ETF) inflows. The technical indicators suggest buyers have the upper hand, with the bulls targeting key resistance levels in the near term. XRP futures activity and ETF inflows show improving investor interest Demand in XRP’s derivatives market has gradually strengthened over the past week. Data from CoinGlass shows perpetual futures Open Interest (OI) has declined by 6% in the last 24 hours and now reads $2.43 billion. Despite the recent decline, the trend has been building steadily, with average Open Interest standing at $2.
Source: Read the original article
