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Binance market data shows that XRP has surged past 1.90 USDT, marking its highest price level since April 2021. The recent rally signals renewed investor interest in the cryptocurrency, as XRP’s price reaches a peak not seen in over three years.

According to U.Today, a significant XRP transaction was recently detected, involving the transfer of 35 million XRP, valued at approximately $58.29 million, between two unidentified wallets. This movement was reported by Whale Alert, a service that tracks large cryptocurrency transactions. Such transfers often attract attention from market participants, particularly when the addresses involved are unknown, as they can be perceived as potential indicators of price manipulation. Given the current performance of XRP, these transactions could significantly influence investor sentiment. The transaction was conducted between the addresses "rBEc94" and "rsX8cp," both of which remain unidentified according to the tracking service. However, data from XRPL explorers like Bithomb suggest that these addresses are linked to the large brokerage platform Uphold. Uphold is notable for its continued support of XRP during the regulatory challenges posed by the SEC v. Ripple court case. The platform reportedly holds nearly $3.85 billion in XRP user funds, with a coverage ratio of 100%. XRP trades constitute 26.23% of Uphold's total trading volume, with the number of transactions reaching 22.3 million. This substantial transfer, amounting to nearly $60 million, appears to be an internal operation of the Uphold platform. Interestingly, the timing of the transfer coincided with a brief fluctuation in XRP's price, which dropped by over 1.5% within six minutes of the transaction but subsequently rose by 1.87%. Such price movements following large transactions can lead to speculation about market manipulation, although in this case, it seems to be a routine internal transfer by a major token platform.

According to Binance market data, XRP has broken through the 1.75 USDT mark and is currently trading at 1.7576 USDT, reflecting a 24-hour increase of 20.39%.

According to U.Today, the price of XRP has reached $1.66, marking a significant rally that aligns with the Elliott Wave Theory. This theory suggests that XRP might be entering the crucial third wave of its price movement, often considered the strongest and longest wave in an upward trend. If the momentum continues to build, XRP could achieve notable price levels during this phase. XRP's recent price movements have seen it break above $1.00 and consolidate around $1.30, forming what appears to be the first and second waves in the Elliott Wave pattern. The current price surge, characterized by high trading volume and strong momentum, represents the third wave. This wave typically outperforms others in terms of price growth as it attracts new buyers and strengthens bullish sentiment. The first target for XRP during this wave is the psychological resistance zone of $1.80, which aligns with past price action. Beyond this, $2.00 emerges as the next significant level, acting as a benchmark and potential draw for traders. If XRP surpasses this level, it could encourage more FOMO (fear of missing out) purchases. Additionally, $2.20 might serve as the upper extension of the third wave if the rally continues. However, if the price falls below $1.30, a crucial support level, it may indicate a weakening trend and invalidate the wave structure. The current movement of XRP is somewhat consistent with the Elliott Wave Theory, suggesting a continuation of the current trend. It is important to note that trading volume remains a key driving force for the asset's price movement.

According to CoinDesk, XRP experienced a notable increase of over 5% in the past 24 hours, leading gains among major cryptocurrencies. This rise occurred during the Thanksgiving holiday, a period when bitcoin (BTC) managed to avoid a historically feared market downturn, instead showing a slight increase. BTC was trading above $96,000 early Friday, recovering from Thursday's low of $93,500. Meanwhile, other major cryptocurrencies such as Ether (ETH), Solana’s SOL, and BNB remained relatively stable. Cardano’s ADA saw a 3.5% increase, whereas dogecoin (DOGE) experienced a 1.2% decline. The CoinDesk 20 (CD20), a liquid fund tracking major tokens, recorded a 1.3% increase.In the midcap sector, Algorand’s ALGO and Worldcoin’s WLD surged by as much as 21%, despite the absence of immediate catalysts. These movements in the crypto market coincided with significant developments in the foreign exchange market, particularly involving the Japanese yen. The yen briefly surpassed the 150 mark against the U.S. dollar, driven by expectations of a potential Bank of Japan (BOJ) rate hike in December. This anticipation was fueled by higher-than-expected inflation data from Tokyo. The yen's movement was likely intensified by month-end financial adjustments and reduced liquidity due to the Thanksgiving holiday. Market sentiment currently suggests a 63% probability of a BOJ rate increase, contrasting with a 67% likelihood of a Federal Reserve rate cut, which could diminish the appeal of yen carry trades.The yen is often regarded as an "anti-risk" currency, serving as a safe haven for investors during periods of market stress. Its strong performance at the end of July and September previously triggered the unwinding of carry trades, which are bullish risk-on bets financed by relatively inexpensive yen-denominated loans. As borrowing the Japanese currency became more costly, these trades were unwound. A recent CoinDesk analysis indicated that bitcoin's bullish momentum has weakened, with the Australian dollar/yen exchange rate declining, signaling a risk-off sentiment. The Australian dollar, closely tied to global economic health, and the yen typically have an inverse relationship with risk assets like BTC. This situation mirrors a previous instance when rumors of a BOJ rate hike led to a yen surge, resulting in an 8% drop in the AUD/JPY exchange rate and a $20,000 decrease in BTC, highlighting the potential impact of foreign exchange movements on cryptocurrencies.

According to ShibDaily, Christopher Giancarlo, the former Chairman of the Commodity Futures Trading Commission (CFTC), has indicated that the U.S. Securities and Exchange Commission (SEC) might consider dropping its lawsuit against Ripple. In a recent interview with FOX Business, Giancarlo discussed the broader landscape of cryptocurrency regulation and the increasing influence of the CFTC in this domain. During the interview, FOX Business Senior Correspondent Charles Gasparino asked Giancarlo about the likelihood of the SEC reassessing its legal stance against Ripple, especially in the context of a potential Donald Trump presidency. Giancarlo suggested that the SEC should review cases it has lost at the trial court level and contemplate dismissing them. His comments suggest that new leadership at the SEC could decide to abandon the Ripple case, particularly following a recent court decision. The SEC initiated legal action against Ripple Labs in December 2020, accusing the company of raising $1.3 billion through the sale of XRP, which it claimed was an unregistered security. In July 2023, U.S. District Judge Analisa Torres delivered a mixed ruling, stating that Ripple’s programmatic XRP sales via cryptocurrency exchanges did not qualify as securities transactions under federal law. However, she also determined that Ripple’s direct sales of XRP to institutional investors did constitute securities transactions. Both Ripple and the SEC have filed appeals, with more detailed arguments expected in the coming months. Giancarlo, who is often referred to as “Crypto Dad,” is reportedly a leading candidate for the role of “Crypto Czar” under President-elect Donald Trump. Trump’s transition team is considering the establishment of a new White House position aimed at coordinating cryptocurrency policy. This role, potentially titled “Crypto Czar,” would provide direct access to President-elect Trump and serve as a central policy coordinator across federal agencies. The article emphasizes that it is intended for informational purposes only and should not be interpreted as financial advice. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

According to U.Today, RippleX has issued an important update concerning the XRP Ledger following a recent bug incident that affected the network. On November 25, 2024, at 1:39 p.m. UTC, the XRP Ledger encountered a problem where several nodes crashed and restarted simultaneously, causing a temporary halt in transaction processing for about 10 minutes. During this period, the network's consensus mechanism prioritized safety over progress, ensuring no funds were lost. By 1:49 p.m. UTC, the network resumed normal operations. Brad Chase, Vice President at RippleX, addressed the community in a social media post, providing insights into the cause of the incident and the steps taken to resolve it. The issue originated from a bug introduced over six months ago, which caused the caching layer of the 'rippled' software to return inconsistent results, leading to server crashes. Although the bug went unnoticed during testing, it was discovered at the end of the testing phase for rippled version 2.3.0. A fix was developed and released internally, and the RippleX team worked closely with the community and UNL operators to implement updates and secure the network. The community's prompt response to the update has been commendable, with 33 out of 35 validators on the default UNL and nearly half of known servers already upgraded to rippled 2.3.0. However, unpatched nodes remain vulnerable, and RippleX urges all users to update their infrastructure to the latest version. To mitigate risks for unpatched users, RippleX plans to withhold specific technical details until most servers have been upgraded. Node operators have until December 12 to complete the upgrade, after which more technical information will be shared. This delay in sharing details is intended to prevent potential exploitation of the bug by malicious actors. RippleX emphasizes the importance of upgrading to version 2.3.0 promptly to ensure network security.

XRP gained 10.5% on Nov. 27, buoyed by Ripple's strategic partnerships, rising open interest, and technical indicators pointing toward a potential $4.28 rally.XRP Leads Crypto Recovery, Targets $4.28XRP (Ripple) is spearheading a market-wide recovery, posting a 10.5% gain in the past 24 hours to trade at $1.43 as of Nov. 27. The cryptocurrency boasts 30% weekly gains and an impressive 179% monthly surge, outperforming Bitcoin (up 2%) and Ether (up 5%) during the same period.Key Factors Driving XRP’s Price Rally1. Ripple’s Tokenized Finance PushXRP’s price gains are tied to Ripple's strategic collaboration with Archax, a UK-based FCA-regulated digital asset exchange.Ripple and Archax launched a tokenized money market fund managed by UK asset manager abrdn, tapping into the $16 trillion tokenized assets market projected by 2030.Ripple’s partnerships, including recent efforts with Mercy Corps Ventures, aim to boost adoption of the XRP Ledger (XRPL), potentially driving token demand.2. Record-High Open InterestXRP-tracked futures open interest reached an all-time high of $2.06 billion on Nov. 22, reflecting heightened investor confidence.Open interest has risen 5% in the past 24 hours, supporting XRP’s price momentum and increasing the likelihood of sustained gains.3. Bull Flag Formation Points to $4.28Technical charts indicate a bull flag pattern, a bullish continuation setup that predicts a potential breakout.If XRP breaks above the flag’s upper trendline at $1.46, it could rally to $4.28, marking a new all-time high.However, XRP’s RSI of 82 suggests overbought conditions, increasing the likelihood of a short-term pullback to $1.28 or lower.XRP Price Outlook: Key Levels to WatchSupport Levels:$1.28 (lower trendline of the bull flag).$1.00–$1.05 (psychological level).Resistance Levels:$1.46 (upper trendline of the bull flag).$4.28 (bull flag target).XRP’s Uptrend Poised for ContinuationXRP’s rally is underpinned by Ripple’s growing ecosystem, elevated futures activity, and bullish chart patterns. While a short-term pullback remains possible, the cryptocurrency’s fundamentals and technicals point toward continued gains, with a $4.28 target achievable in the coming months, according to Cointelegraph.

XRP risks a 25% price drop due to overbought RSI levels but shows long-term bullish momentum with targets as high as $3.41 or $13.93.XRP Faces Potential Correction Amid Overbought SignalsXRP (Ripple) is under scrutiny following a 17% decline after hitting a multi-year high of $1.63 on Nov. 27, now trading at approximately $1.41. Despite its "Trump Trade" profits, which have propelled it 180% month-to-date, analysts warn that XRP's overbought RSI levels could trigger a 25% correction by December.Short-Term Bearish OutlookOverbought RSI and Fibonacci ResistanceRSI Above 70: XRP's relative strength index (RSI) has been over 70 for most of November, a level that previously signaled sharp price corrections.Fibonacci Levels: XRP has struggled to maintain its breakout above the 2.618 Fibonacci extension near $1.09, raising the likelihood of a drop toward the $1 psychological level or even the 50-day EMA at $0.85.Whale BehaviorWhale holdings have declined, suggesting a transition from accumulation to distribution.Historical patterns show whales often sell during price rallies, potentially increasing downward pressure on XRP.Long-Term Bullish PotentialBreakout from 7-Year Symmetrical TriangleXRP recently broke out of a giant symmetrical triangle pattern, a technical event that last preceded its historic 43,650% rally in 2017-2018. If fractals hold, XRP could:Retest its 2018 peak of $3.41.Target the 4.236 Fibonacci retracement level at $13.93 over the long term.Fundamental DriversSEC Case Resolution: A potential Donald Trump reelection could expedite the end of the SEC lawsuit against Ripple, boosting investor confidence.Ripple Partnerships: Ripple's collaboration with UK-based Archax to launch tokenized money market funds on the XRP Ledger could drive adoption.Key Levels to WatchSupport: $1 (psychological level), $0.85 (50-day EMA).Resistance: $1.63 (recent high), $1.78 (0.5 Fibonacci retracement), $3.41 (2018 peak).Crash or Rally?XRP’s short-term outlook indicates potential downside risk due to overbought conditions and whale distribution. However, its long-term breakout and fundamental drivers suggest a bullish trajectory, with significant upside targets if the current correction finds support around $1.00, according to Cointelegraph.

According to U.Today, the creation of the XRP Ledger, XRP, and Ripple involved three key figures: David Schwartz, Jed McCaleb, and Arthur Britto. While Schwartz and McCaleb are well-known in the media, Britto remains a mysterious figure, rarely appearing in the public eye. Recently, Britto's name resurfaced in a social media discussion when David Schwartz, Ripple's current Chief Technology Officer, responded to a question that had been unanswered for over three years. When asked if he was Britto, Schwartz clarified that he was not, emphasizing that Britto is a distinct individual who values his privacy. Schwartz humorously added that he is willing to take credit for Britto's ideas, as Britto does not mind.Schwartz's comments shed light on the relationship between the Ripple founders and the challenges they faced. Jed McCaleb eventually left Ripple to establish Stellar (XLM), but the collaboration among the trio significantly influenced the digital asset landscape. Schwartz hinted at the difficulties Ripple encountered, particularly the tensions following McCaleb's departure. He cited issues such as corporate governance and differing priorities as contributing factors to the friction, highlighting the broader challenges in the cryptocurrency industry, where personal gain often conflicts with genuine innovation.Arthur Britto, in contrast, has remained dedicated to his work, avoiding controversy and public attention. Schwartz acknowledged Britto's vital contributions to the XRP Ledger's development, noting that Britto's preference for privacy continues to shape his role in the project's history. Despite his low profile, Britto's influence on the XRP Ledger and Ripple remains significant, underscoring the importance of his work in the evolution of digital currencies.

According to Cointelegraph, Ripple has made a strategic investment in Bitwise's XRP exchange-traded product (ETP) as the issuer rebrands its offering to enhance its foothold in the European market. On November 7, Bitwise announced the rebranding of its European XRP ETP, previously known as the ETC Group Physical XRP, to the Bitwise Physical XRP ETP. The ticker symbol, GXRP, will remain unchanged.This development follows Bitwise's entry into the European market in August, marked by its acquisition of the ETC Group, a crypto investment firm managing $1 billion in assets. The firm's portfolio includes physical crypto ETPs such as the Bitcoin ETP (BTCE), Ethereum with staking (ET32), Solana (ESOL), MSCI Digital Assets Select 20 (DA20), and GXRP. A physical ETP is a financial product that tracks the performance of underlying assets, which are also purchased and held by the issuer.The Bitwise Physical XRP ETP aims to provide European investors with exposure to XRP through a physically backed product that holds the underlying asset. Bitwise co-founder and CEO Hunter Horsley expressed enthusiasm about offering investors access to XRP and the XRP Ledger, which he described as some of the most familiar and trusted blockchains in the industry. Horsley emphasized the institutional quality of the Bitwise Physical XRP ETP (GXRP) as a key feature for investors.In addition to the rebranding of the XRP ETP, Bitwise plans to revamp its entire European ETP portfolio as part of its strategy to expand operations across the continent. The company reported significant growth in 2024, with over $10 billion in total client assets, and announced plans to launch more institutional-grade crypto ETPs. Bitwise has been actively expanding its crypto-based offerings, launching its first Aptos staking ETP on November 12 and filing an S-1 registration for an ETF tied to Bitcoin (BTC) and Ether (ETH) on November 26.Ripple's investment in GXRP is a notable aspect of this development. Although the financial specifics of the investment were not disclosed, Ripple CEO Brad Garlinghouse highlighted a growing global demand for crypto-backed investment products in 2024. Garlinghouse noted that with the US regulatory environment for crypto becoming clearer, this trend is expected to accelerate, further boosting demand for crypto ETPs like the Bitwise Physical XRP ETP.

According to U.Today, Ripple CEO Brad Garlinghouse has announced his upcoming appearance on the renowned television program '60 Minutes.' The full episode featuring Garlinghouse is expected to air soon, marking a significant moment for Ripple as it seeks to gain broader mainstream recognition. '60 Minutes,' which first aired in 1968, is celebrated as one of the most successful and longest-running primetime broadcasts in television history. The show, now in its 57th season, was originally created by American television news producer Don Hewitt, who innovated the format by combining multiple shorter segments within a single episode. Garlinghouse revealed that his interview with '60 Minutes' will focus on the cryptocurrency industry and its ongoing efforts to achieve regulatory clarity. This interview comes at a time when XRP, Ripple's native token, has experienced a significant rally, reaching a multi-year high of $1.60. The surge in XRP's value is attributed to the anticipated leadership change at the U.S. Securities and Exchange Commission (SEC) and the increasing buzz around cryptocurrency exchange-traded funds (ETFs). The appearance on '60 Minutes' is expected to further elevate Ripple's profile in the mainstream media. The program, known for its diverse range of topics and high-profile interviews, currently features full-time hosts Scott Pelley and Lesley Stahl. In the past, '60 Minutes' has covered various subjects related to cryptocurrency, including a notable episode in May 2019 that featured Anderson Cooper interviewing prominent Bitcoin figures. This included Laszlo Hanyecz, the developer known for his famous 2010 transaction of 10,000 BTC for two pizzas. Garlinghouse's upcoming interview is anticipated to shed light on Ripple's position within the crypto industry and its future prospects amid evolving regulatory landscapes.

According to U.Today, Ripple's Chief Technology Officer, David Schwartz, has addressed concerns following a recent incident on the XRP Ledger (XRPL) that caused nodes to halt or fail to progress temporarily. The incident prompted Bill Morgan, an XRP enthusiast and attorney, to seek clarification on the terminology used by developers, specifically the distinction between the network being "halted" versus "down." Schwartz explained that the key difference lies in whether the network continues to produce valid ledgers. He noted that while technical arguments can be made, the system's utility is compromised if users cannot confirm the irrevocable completion of payments. The incident began at 2:45 p.m. on November 25, when Wietse Wind, a prominent XRPL developer, tweeted that the XRPL was partially down. He reported that all Full History servers, including those operated by Ripple, were not functioning, and Ripple's cluster was also experiencing issues with the current ledger. Wind later updated that node operators were experiencing halts or crashes, but the ledger appeared to stabilize as nodes resumed and picked up a new consensus ledger. He mentioned that ledgers numbered 92346896 to 92347095 might have been lost. Further updates from Wind indicated that XRPL nodes were going down regardless of their type, including full history, current ledger, pathfinding, and submission nodes. He assured that investigations would be conducted to determine the cause of the halt. Approximately 40 minutes after the initial report, Wind noted that the XRP Ledger seemed to have recovered independently, with most nodes back on a consensus ledger and closing ledgers again. He confirmed that Full History nodes were syncing back fully, suggesting no ledgers were lost, and the network was returning to normal. In response to the incident, Brad Chase, Vice President of Engineering at RippleX, stated that the team is investigating the root cause and working on a fix. He promised to provide more updates as additional information becomes available. Chase also advised XRPL node operators and validators to update their infrastructure to the latest 2.3.0 rippled release promptly. He mentioned that more details on the root cause might be disclosed after the network adopts the fix to ensure safety. At the time of reporting, further specifics about the incident were not yet available.

According to CoinDesk, XRP has outperformed bitcoin (BTC) and other major cryptocurrencies in the past 24 hours following the launch of a money market fund on the XRP Ledger by regulated crypto broker and custodian Archax. This initiative marks a first for the network and involves collaboration with Ripple Labs and Abrdn. Archax has introduced Abrdn’s U.S. dollar Liquidity Fund (Lux) in a tokenized form on the XRP Ledger (XRPL). Ripple has committed $5 million worth of tokens into Abrdn’s Lux fund, which is part of a broader allocation to real-world assets (RWAs) on the XRPL.The price of XRP surged by 6%, reaching a high of $1.49 shortly after the announcement, although it later experienced a decline amid a market-wide drop. Over the past week, XRP has risen by 27% and has more than doubled in value over the last two weeks, driven by several positive developments. Real-world assets (RWAs) refer to tangible or financial assets such as real estate, commodities, or bonds that exist outside the digital realm but can be represented as tokens on a blockchain. This tokenization process facilitates fractional ownership, enhances liquidity, and simplifies the transfer of these assets.A money market involves the trading of short-term, high-quality debt instruments like Treasury bills, commercial paper, and certificates of deposit, primarily used by large institutions to manage their short-term cash needs. Archax has been utilizing Ripple’s digital assets custody services since 2022. The Lux fund currently manages over $3.8 billion in assets, according to a release. The introduction of the tokenized money market fund on the XRPL is seen as a significant step forward in the growth of real-world asset tokenization, a sector that is gaining considerable attention in the crypto industry.A report by global consulting firm McKinsey & Company in July projected that the tokenized asset market could reach $4 trillion in an optimistic scenario by 2030. Additionally, Boston Consulting Group and 21Shares have forecasted that the market for tokenized assets could exceed $10 trillion by the end of the decade, as previously reported by CoinDesk.

According to Foresight News, Ripple's Chief Legal Officer, Stuart Alderoty, has criticized the U.S. Securities and Exchange Commission (SEC) for boasting about its record fines. Alderoty compared the SEC's pride in these penalties to a professor bragging about having the highest failure rate and most cheating scandals in their class. He argued that such metrics do not indicate success but rather highlight significant regulatory failures driven by improper incentives.The SEC reported that it initiated 583 enforcement actions in the fiscal year 2024, securing financial remedies totaling $8.2 billion, marking the highest amount in the agency's history. Alderoty's comments reflect ongoing tensions between Ripple and the SEC, as the regulatory body continues to enforce strict measures within the financial sector. The debate underscores broader concerns about the effectiveness and motivations behind regulatory actions, with critics like Alderoty questioning whether the focus on penalties truly serves the public interest or merely reflects a flawed regulatory approach.

According to U.Today, Ripple whales have significantly increased their holdings by purchasing over 50 million XRP tokens over the weekend. Crypto analyst Ali Martinez, referencing data from Santiment, highlighted this trend, noting that the total balance of wallets holding between 1 million to 10 million XRP has surged to 4.29 billion tokens. This increase in whale activity coincides with a notable rally in XRP's price.Since November 12, XRP's price has broken out of a long-standing triangle pattern that had been forming since 2018. This breakout led to a dramatic price increase, with XRP soaring by 131% to reach a high of $1.63. During this period, whales absorbed approximately 460 million XRP, with 50 million of these tokens being acquired over the recent weekend. This accumulation by large holders raises questions about the relationship between whale activity and the cryptocurrency's price movements.The recent surge in XRP's price and the corresponding whale accumulation suggest a complex interplay between market dynamics and investor behaviour. While the sudden price rise may have been unexpected, the continued buying by whales indicates that they may have insights into the factors driving the rally. The growing interest in XRP among large holders reflects a changing market outlook, although the sustainability of this trend will depend on broader market conditions and other influencing factors.

According to U.Today, XRP has experienced a significant surge recently, reaching notable highs and boosting market confidence. However, technical analysis and current on-chain metrics suggest that this rally might be nearing its end. Three key factors indicate a potential reversal.Firstly, the recent price increase of XRP has not been accompanied by a steady rise in trading volume. Although the price managed to surpass $1.06 before pulling back, the volume has been decreasing over the past few sessions. This lack of consistent buying interest suggests that bullish momentum may soon diminish, often signaling market exhaustion.Secondly, on-chain data reveals a significant drop in the volume of XRP payments after peaking in mid-November. This decline in activity is mirrored by a reduction in the number of active accounts, indicating decreased network usage. A fall in transaction volume within the XRP ecosystem could weaken the price's underlying support, potentially leading to a correction.Lastly, XRP's Relative Strength Index (RSI) is currently at 85, remaining in the overbought zone for an extended period. High RSI values typically indicate an overheated market, making the asset vulnerable to a downturn. Profit-taking at these levels could further drive the price down as bearish forces gain control.The $1.50 level is crucial for XRP's support, with the next significant support around $1.20. If the price breaks below this range, it may result in a more severe correction. However, if buyers step in to defend the $1.05 level, XRP might consolidate before attempting another rally.Despite XRP's impressive recent performance, caution is advised due to warning signs such as declining volume, reduced payment activity, and overbought technical indicators. Investors should closely monitor these metrics to assess the sustainability of the current uptrend.

According to BlockBeats, on November 26, FOX journalist Eleanor Terrett announced on social media that global ETF provider WisdomTree has registered an XRP ETF in Delaware. Terrett confirmed with the company that this is a legitimate filing.

According to Odaily, recent data disclosed by CryptoQuant on the X platform reveals that XRP's open interest has surged to an unprecedented $1.8 billion. Analysts suggest that this record-breaking level of open interest is driven by a combination of market factors.The significant increase in XRP's open interest indicates heightened activity and interest in the cryptocurrency market. This surge is attributed to various elements influencing the market dynamics, which have collectively contributed to this historic peak. The data highlights the growing engagement and speculative interest in XRP, reflecting broader trends within the cryptocurrency sector.As the market continues to evolve, the implications of such a high level of open interest are being closely monitored by analysts and investors alike. The record-setting figure underscores the importance of understanding the underlying factors that drive market movements and the potential impact on future trading activities. This development is a testament to the dynamic nature of the cryptocurrency landscape and the ongoing interest in digital assets like XRP.

According to U.Today, XRP has recently experienced a significant surge, nearing the crucial $2 mark, suggesting a potential breakthrough in the coming days or weeks. The current market chart indicates a bullish momentum, with XRP breaking through important resistance levels on the daily chart. As long as the market maintains its upward trajectory and buyers sustain their momentum, the technical path to $2 remains open. After recently surpassing $1.20, the next resistance level is approximately $1.50. If XRP manages to break through this zone, it may approach the psychological $2 mark, making it a critical level to monitor.During its recent rally, XRP transformed prior resistance levels into support, which will be crucial to maintaining the broader uptrend in case of any price pullbacks. The Relative Strength Index (RSI) is currently in overbought territory, suggesting that the rally might experience brief consolidation or a minor retracement before continuing its upward movement. Despite this, trading volumes remain robust, reflecting strong buyer confidence and active market participation. The 50-day Exponential Moving Average (EMA) is significantly higher than the 100- and 200-day EMAs, indicating a bullish alignment of moving averages that supports the sustainability of the current trend.Technically, XRP appears to have a path to $2, but certain conditions must be met first. The asset needs to maintain high buyer interest while convincingly breaking through the $1.50 resistance level. A decline below $1.00 could trigger a broader correction, halting the rally. Overall, XRP is well-positioned for continued growth. Traders should closely monitor the $1.00 support and $1.50 resistance levels to predict the next moves. If the bullish trend persists, reaching $2 for XRP could become a reality soon.