Cryptocurrency Weekend Gains Led by Rising Open Interest

XRP Shows Strength Against the US Dollar as Open Interest Rises. Is a Move Above $1 Realistic?

XRP $0.6523

The price rose 5% to trade at $0.6278 on September 29. This is part of a prevailing recovery that began on September 6 and has seen the cryptocurrency token gain more than 10% over the past 30 days, driven by a significant increase in its open interest.

Data from Cointelegraph Markets Pro and TradingView show that XRP rallied from a low of $0.5027 on September 6, rising 26% to an intraday high of $0.6335 on September 29.

The total cryptocurrency market cap rose 0.4% to $2.29 trillion. As such, XRP’s price performance over the past 24 hours has seen it become the third-highest gainer among the top 100 cryptocurrencies by market cap.