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XRP price could break out as open interest increases

XRP price could break out as open interest increases

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Source: Coin Telegraph

Despite a potential breakout, XRP’s price remains tied to developments regarding the lawsuit between the SEC and Ripple.

Investors are increasingly betting on the XRP token’s price breakout. Could XRP be poised to see more upside momentum?

More traders are betting on XRP (XRP) price to rise, as reflected by the jump in open interest (OI), according to market analysis by verified CryptoQuant author Woominkyu.

He wrote in a June 18 research report:

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Author: Zoltan Vardai