Unusual activity has been recorded in the XRP futures market, with aggregate open interest surging by $171.74 million (20.46%) in just one hour, according to CryptoQuant analyst Maartunn. The token is hovering near the psychological level of $1.00 while major investors, holding approximately 13% of total supply, have acquired more than 380 million XRP. The weighted average funding rate remains positive at 0.0080%, indicating the presence of long positions in the market. The release of US Consumer Price Index data on August 12 will be the decisive moment: it could either break the support at $1.00 or trigger a rally fueled by short liquidations, with potential targets at $1.35 and $1.64.
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