XRP Poised for a 20% Surge to $0.70 as Bullish Momentum Builds

XRP recently experienced a sharp rise to $0.60, reigniting optimism across the market. Although it has since retraced slightly, key metrics suggest another rally could be imminent, potentially driving the token toward $0.70—similar to earlier highs this year.

According to data from CryptoQuant, XRP’s Taker Buy/Sell Ratio reached 1.06 when its price touched $0.60 on September 21. While it briefly dipped afterward, the ratio is back up to 0.93, signaling that traders are regaining bullish sentiment and the recent decline may be temporary.

Adding to this bullish outlook is the surge in XRP’s Open Interest (OI) in the derivatives market, which has skyrocketed to $710 million. This signals growing investor interest and fresh capital pouring into XRP, suggesting that the token could soon recover its momentum.

Currently, XRP is encountering resistance at $0.60, with support around $0.57. Should buying pressure continue to rise, XRP could break past the $0.67 resistance level and push toward $0.70—a potential 20% gain. However, if the resistance proves too strong, the price might dip to $0.52.

Eyes are on a breakout, and the excitement is building! 🚀

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