XRP price could break out as open interest increases
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Despite the potential for a breakthrough, the price of XRP remains tied to developments in lawsuits between the SEC and Ripple.
Investors are increasingly betting on a breakthrough in the price of the XRP token. Could XRP be ready to see more upside momentum?
Traders are increasingly betting on an increase in the price of XRP
More traders are betting on an increase in the price of XRP ( 0.49), as reflected by a spike in open interest (OI), according to market analysis by verified CryptoQuant writer Woominkyu.
He wrote in a June 18 research report :
“This trend shows that when open interest increases along with price, investors open more positions in the expectation of an increase in the price of XRP. This increased interest suggests that more trading activity is occurring with XRP.”
