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XRP leads crypto weekend gains fueled by surging open interest

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XRP leads crypto weekend gains fueled by surging open interest
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XRP leads crypto weekend gains fueled by surging open interest

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Source: Coin Telegraph

XRP shows strength against the US dollar as open interest surges. Is a move beyond $1 realistic? 

XRP (XRP) price was up 5% to trade at $0.6278 on Sept. 29. This is part of a prevailing recovery that began on Sept. 6 and has seen the remittance token rise more than 10% over the last 30 days, fueled by a significant increase in its open interest.

Data from Cointelegraph Markets Pro and TradingView shows XRP rose from a low of $0.5027 on Sept. 6, climbing as much as 26% to an intraday high of $0.6335 on Sept. 29.

BTC/USD daily chart. Source: TradingView

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Author: Nancy Lubale

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