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- XRP's price surged, possibly due to news of a potential XRP ETF or developments in the ongoing lawsuit.
- This surge resembles past patterns, hinting at potential bullish momentum followed by significant drops.
- Despite historical trends, maintaining a bullish outlook on XRP, citing strong open interest indicating substantial orders and spot buying.
- The Crowd-sourced Volatility Index (CVD) appears bearish, yet open interest continues to grow, suggesting an increase in short positions.
- Identifying potential liquidation levels upwards and anticipating a breakout above the previous high of $0.735.
- There's a possibility of a short-term pullback if XRP dips below the main support level at $0.68.
- Overall, bullish on XRP in the long term, expecting a breakout above $0.735 resistance, while acknowledging the potential for a short-term pullback.
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