Can XRP’s Open Interest Boost Send It Soaring? 🚀

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Oh, what a day in the crypto world! XRP‘s interest has surged like a rocket in the last 24 hours, leaving us wondering if the price will follow suit. Ripple‘s native crypto is eyeing a comeback, and crypto analyst Ali Martinez predicts that if XRP holds onto the $2 support, we could see a price rebound as high as $2.60. 🤑

XRP’s Open Interest Soars Above $3 Billion: Is This the Bullish Signal We’ve Been Waiting For? 🔝

According to CoinGlass data, XRP’s open interest has skyrocketed to $3.61 billion, signaling a massive interest in the altcoin. This bullish outlook suggests that traders are betting big on XRP, but will it pay off? 🎲

Ali Martinez took to X to share his thoughts, stating that if XRP stays above the key $2 level, a 30% move toward the channel’s upper boundary at $2.60 could be in the cards. 📈

But wait, there’s more! Crypto analyst CasiTrades thinks XRP could soar to $2.70 if it breaks above $2.24. This could set the stage for Ripple’s native crypto to reach a new all-time high (ATH). However, let’s not forget the possibility of a crash. CoinGape’s market analysis reveals that Ripple’s price is at a crossroads, with a wedge pattern suggesting either a 70% crash or a 700% surge. 📉🚀

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And just when you thought things couldn’t get any more exciting, crypto analyst Rex chimed in, predicting a bullish reversal for XRP. He believes a breakout is imminent and that this is the most obvious play of the cycle. According to his chart, XRP could rally to as high as $2.9. 🚀

Two Possible Futures for Ripple’s Native Crypto: Will It Be a Bull Market or a Bear Market? 🐂🐻

Egrag Crypto, another crypto analyst, offered a bold prediction for XRP. He stated that the altcoin could either plummet to $0.65 or surge to $17, depending on how the Ascending Broadening Wedge plays out. To kick things off, XRP needs to close above $3.50. 📉📈

If XRP hits the $5 range but fails to close above it convincingly, the odds of the wedge pattern unfolding increase. Egrag Crypto believes that XRP must retest $1.90 after being rejected from the $5 range. Once it does, the altcoin will need another attempt to close above $5, ideally reaching $6 and staying above that level. If successful, XRP could skyrocket to double digits within two to three weeks. 🚀

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The target move for this Ascending Broadening Wedge is a potential $17.50, aligning with another prediction suggesting that the XRP price could reach double digits by the July 21 cycle peak. However, Egrag Crypto warns that there’s still a 70% chance of a downside break and only a 30% chance of an upside breakout. If XRP breaks down, the measured move could send Ripple’s native crypto back to $0.65. 🙈

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2025-04-06 03:57