XRP’s open interest stands at $435 million with a Z-score of +1.20, indicating elevated speculative positioning and increased risk of sharp volatility. Despite a bearish technical setup with the price recently breaking below $1, massive long positions are building from both retail traders and whales. On the fundamental side, XRP network activity surged 84% to 43,000 addresses, while institutional manager Cetera Investment Advisers ($256 billion AUM) added XRP to its balance sheet and XRP ETFs recorded $1 million in inflows this month. The $1.15 Q3 target remains in play if this trend continues.
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