XRP Could Jump 20% to Hit $0.70 As Bullish Sentiment Grows Exponentially

XRP recently surged to $0.60, sparking optimism across the market. While its price has since dipped, key indicators suggest another rally could be on the horizon, potentially pushing the token toward $0.70 like it did earlier this year.

CryptoQuant data shows XRP’s Taker Buy/Sell Ratio climbed to 1.06 when the price hit $0.60 on September 21. After briefly dipping, the ratio has risen again to 0.93, indicating that traders are turning bullish and the recent dip may be short-lived.

Additionally, XRP’s Open Interest (OI) in the derivatives market has surged to $710 million, signaling growing interest and increased capital flowing into XRP. This rise in OI suggests that the token could soon recover lost ground.

Currently, XRP faces resistance at $0.60 and support at $0.57. If buying pressure continues to build, XRP could break through the $0.67 resistance level and rally toward $0.70, marking a 20% gain. However, if the resistance holds, the price could slip to $0.52.

All eyes on a potential breakout. Exciting!
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