XRP’s open interest has increased significantly from 2.71 billion USD to 4.30 billion USD, indicating strong trader participation. This highlights that traders are actively positioning themselves for potential price recovery. The surge in open interest shows renewed interest and strong trader engagement with XRP’s price movements.

Despite the recent price stagnation, the sentiment among traders remains positive. The funding rate for XRP is still positive, reinforcing the Optimism of investors. This aligns with their positive outlook, suggesting traders are expecting upward price movements in the future.

XRP is currently trading within a defined range, facing resistance at 2.73 USD and support at 2.18 USD. A bearish breakout below 2.18 USD could lead to a drop to 1.94 USD. Conversely, if market sentiment improves and resistance is breached, XRP could aim for a potential HIGH of 3.31 USD.