XRP Price Prediction: XRP hold stable, aiming for $3.00:

XRP futures open interest surged by over $1 billion in the past week, driving speculative activity around the token.
The increase in trader interest has kept the rise of XRP stable, with the bulls aiming to break through the $3.00 high.
Risk appetite remains high as whales increase their investment in XRP, betting on continued gains in the short term.
The price of Ripple (XRP) is trading steadily at around $2.60 on Wednesday, maintaining the recent bull trend, as the crypto market cheers in improved sentiment. The increase in holdings of XRP by whales, especially those holding over 10 million XRP, may accelerate the rebound. The upward trend reflects a significant increase in open interest (OI) of XRP futures over the past week, exceeding $1 billion, indicating rising trader interest.
XRP futures open interest soared over 1 billion USD within a week.
XRP has continued to attract traders and investors from the crash triggered by tariffs to a sustained price increase to $1.61 in April. Data released by Glassnode on Tuesday revealed that the open interest (OI) in XRP futures surged over 41.6% in a week, representing over $1 billion in leveraged positions.
OI has been fluctuating since mid-February, reaching a peak of about $3.2 billion at the end of February, then sliding down to $2.2 billion in mid-March. It continued to trade sideways in April, before soaring to a three-month high of $3.42 billion.
Looking to the future: XRP bull holds steady, aiming for $3.00
The price of XRP is hovering around $2.60 at the time of writing, reflecting an increase in trading volume and traders' confidence in the upward trend towards breaking the $3.00 high. This cross-border remittance token is significantly above key moving averages, including the 50-day EMA at $2.26, the 100-day EMA at $2.24, and the 200-day EMA at $2.02, adding credibility to the bullish outlook.
Looking ahead: XRP bull hold stable, targeting $3.00
The price of XRP is hovering around $2.60 at the time of writing, reflecting an increase in trading volume and traders' confidence in a rally towards a target above $3.00. The cross-border payment token is significantly above key moving averages including the 50-day Exponential Moving Average (EMA) of (, which is at $2.26, the 100-day EMA at $2.24, and the 200-day EMA at $2.02, adding credibility to the bullish outlook.
The moving average convergence divergence ) MACD ( indicator in the daily timeframe confirms bullish momentum as it rises above the centerline. This, along with the MACD line ) in blue ( crossing the signal line ) in red ( and the expanded green histogram, indicates that XRP has the potential to narrow the gap to $3.00.
The relative strength index of XRP ) RSI ( is 69.71, approaching the overbought zone, reflecting strong bull market momentum. While this emphasizes a strong upward trend, it also signifies potential adjustment risks if traders choose to lock in profits at current levels.
A potential reversal of the RSI towards the midline at 50 may indicate buyer fatigue and could lead to a pullback at the short-term support level of $2.50, which was tested as a resistance level in March. The 50-day EMA is at $2.26, the 100-day EMA is at $2.24, and the 200-day EMA is at $2.02.
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