🚀 $XRP Breaks $1 Barrier for the First Time Since 2021!
Ripple’s XRP has surged past the $1 mark, a milestone it hasn’t reached since November 2021. This rally is fueled by strong investor demand, speculation around a potential XRP ETF, and renewed institutional interest following its recent listing on Robinhood.
📈 Momentum Boosted by Speculation
Rumors about SEC Chair Gary Gensler’s resignation have also boosted market optimism.Open Interest (OI) data shows increased market participation, with XRP's OI surpassing $1 billion, signaling heightened speculative activity.
⚠️ Overbought, But Bulls Remain in Control
XRP’s RSI indicates overbought conditions, suggesting a possible pullback. However, strong buying momentum could push the price higher, with the next resistance at $1.40.
Can XRP hold above $1? Investors are watching closely as strong on-chain metrics and bullish sentiment continue to drive the trend upwards.
