XRP price prediction as Ripple’s open interest surges

2023-7-19 16:03

The XRP coin has bounced back in the past two days.

Ripple’s open interest has jumped to the highest level this year.

Ripple price has bounced back in the past two straight days as investors buy the dip following last week’s partial victory in the United States. The XRP coin rose to a high of $0.80 on Wednesday even as Bitcoin remained stagnant slightly above $30,000.

Ripple open interest jumps

XRP coin price made a spectacular recovery last week after the partial victory by Ripple Labs as we wrote here. The judge ruled that while Ripple Labs broke the law in 2013, the XRP coin was not a financial security.

That declaration was an important one for the cryptocurrency industry since it came a few weeks after the SEC filed major lawsuits against Binance and Coinbase. One of the common allegation was that the companies were offering unregulated securities, including Ripple.

Therefore, there is a likelihood that the SEC will go slow its lawsuits against cryptocurrencies and exchanges.

Meanwhile, XRP price is rising as investors buy the recent dip and as open interest of the currency rise. Data shows that open interest rose to over $1.1 billion in the past 24 hours. This is the highest that the interest has jumped this year. Interest has jumped by over 21% in the past few days.

Open interest refers to the number of unsettled futures contracts in the market. And a higher number is a sign of increased bets of a financial asset. This explains why the XRP price has jumped sharply in the past two days. As expected, most of this open interest is dominated by two exchanges: Binance and Bitget. 

XRP price prediction

The daily chart shows that the XRP crypto price jumped sharply last week after the court ruling. It jumped and peaked at $0.9267 and then pulled back as some investors started taking profits. Now, the coin has bounced back as these same investors buy the dip. It remains above the 50-day and 25-day moving average while the Relative Strength Index (RSI) moved to the overbought level.

Therefore, there is a likelihood that the coin will continue rising as buyers target the key resistance level at $0.9267. A move below the support at $0.70 will invalidate the bullish view

How to buy Ripple

eToro

eToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets. eToro offers over 60+ Cryptoassets to invest or invest in their CryptoPortfolio where investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies. eToro users can connect with, learn from, and copy or get copied by other users.

Buy XRP with eToro today Disclaimer

Bitstamp

World's longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.

Buy XRP with Bitstamp today

The post XRP price prediction as Ripple’s open interest surges appeared first on CoinJournal.

origin »

Ripple (XRP) на Currencies.ru

$ 2.0923 (+0.25%)
Объем 24H $3.21b
Изменеия 24h: -3.76 %, 7d: -4.89 %
Cегодня L: $2.0803 - H: $2.1107
Капитализация $126.231b Rank 4
Цена в час новости $ 0.8005 (161.37%)

ripple xrp bounced back days past two

Источник: coinjournal.net

ripple xrp → Результатов: 126


The "XRP Killer" Prediction: How Digitap ($TAP) is Forecast to Absorb Billions from Ripple's Market Cap

After days of red candles and growing investor fatigue, Ripple (XRP) is losing its grip on the payments crown. Even as Evernorth’s billion-dollar treasury deal made headlines, the Ripple coin price The post The "XRP Killer" Prediction: How Digitap ($TAP) is Forecast to Absorb Billions from Ripple's Market Cap appeared first on AMBCrypto.

2025-10-23 18:00


Ripple’s ISO 20022 Advantage: Analyst Explains the Long Game for XRP Supporters

A new post by fintech commentator Vincent Van Coode has sparked conversation in the XRP and broader crypto community. His take highlights Ripple’s unique positioning within global finance, pointing out that one of Ripple’s biggest challenges – and opportunities – lies in connecting thousands of disparate, legacy systems still used by banks worldwide.

2025-9-7 14:00


Ripple и SEC отозвали апелляции: дело по XRP официально закрыто

Комиссия по ценным бумагам и биржам (SEC) и Ripple Labs прекратили многолетнюю судебную тяжбу, подав совместное заявление об отзыве апелляций по делу о статусе токена XRP. Компании договорились завершить спор, который длился почти пять лет и стал одним из самых значимых регуляторных дел в криптовалютной индустрии.

2025-8-8 08:41


Ripple станет банком XRP, — мнение основателя Bitwise

Недавно CEO Bitwise заявил, что Ripple в течение года может превратиться в XRP treasury company. Проще говоря, компания Ripple станет банком, который владеет огромными запасами XRP и зарабатывает на этом.

2025-7-11 17:19


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ripple announces $500M raise at $40 billion valuation

Ripple has raised $500 million in new funding round, at a $40 billion valuation. Strategic investment signals strong confidence in XRP and Ripple USD stablecoin. Momentum has seen Ripple close mega deals in 2025.

Ripple makes another $5M investment to expand UBRI in APAC

Ripple will invest $5M to expand its University Blockchain Research Initiative (UBRI) in six APAC countries. The total UBRI funding in Asia now exceeds $11 million. New focus areas include AI agents, RWA tokenization, and zk-SNARKs.

Ripple acquires prime broker Hidden Road for $1.25 billion

Ripple will use its financial muscle to capitalize Hidden Road’s prime brokerage, clearing, and financing platform The Ripple USD (RLUSD) stablecoin will help power cross-margining between digital assets and traditional markets.

Ripple partners with Chipper Cash to boost crypto payments across Africa

Chipper Cash has five million customers in nine countries across Africa The partnership is aiming to deliver “faster, cheaper, more efficient cross-border payments” The news comes after the US Securities and Exchange Commission (SEC) will drop its appeal against Ripple Ripple is teaming up with payments provider Chipper Cash to support cross-border payments across Africa.