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XRP bulls attempt breakout above $3 as traders reposition
Ripple (XRP) displays bullish potential, trading above $2.96 on Monday as cryptocurrency prices generally recover. A break above the immediate $3.00 hurdle could bolster XRP’s technical structure, increasing the chances of a 23% breakout to its all-time high of $3.66 reached on July 18. The XRP futures market shows signs of life after several weeks of volatility. This bullish outlook is reflected by the total Open Interest (OI), which averages at $7.58 billion, up from $7.37 billion recorded on Sunday. OI refers to the notional value of outstanding futures contracts. A steady increase implies that traders are ... (full story)
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