🟠In recent weeks, XRP has been consolidating within a narrow range between $2.18 and $2.73, reflecting uncertainty about its next move. Despite this, open interest in the asset has surged from $2.71 billion to $4.30 billion, signaling renewed trader interest. A positive funding rate supports the continuation of bullish sentiment.
🟠However, on-chain transaction volume remains predominantly in loss, weakening long-term expectations. A breakout above $2.73 could drive the price to $3.31, while a drop below $2.18 would signal a decline to $1.94.