XRP is poised for a bullish breakthrough as futures trade increases and global tensions relax

XRP is regaining investor interest as it enjoys a new wave of positive momentum.   Over the weekend, XRP bounced off a major support level of $1.90 before surging above $2.00.  It is currently trading close to $2.17.   The rally comes as global markets shift their attention away from Middle East concerns and toward US economic policy and interest rate projections.

Jerome Powell, the Federal Reserve Chair, is still hesitant to decrease interest rates because he believes tariff increases would produce inflation.  However, it appears that investor sentiment toward cryptocurrency is shifting in the opposite direction.   Powell’s statement that the Fed is “well positioned to wait” indicates that traditional markets are uncertain, thereby highlighting risk-on assets such as XRP.

What is making people feel better about XRP again?   The emergence of the derivatives market is a significant component of it.   According to CoinGlass, Open Interest has increased to $3.74 billion, up more than 5% from its previous level.   At the same time, the volume of trading increased by more than 10% to $9.5 billion.   This type of activity indicates that both institutional and retail traders are actively engaging.

A short squeeze is also an indication. The pressure has shifted because $9.3 million in short bets were closed in 24 hours, whereas $3.5 million in long positions were liquidated.   The long-to-short ratio of 2.38 on Binance indicates that traders are still bullish.

XRP is trading significantly above its 50, 100, and 200-week EMAs, which is a positive sign for momentum traders.   If the RSI continues to rise and the MACD confirms a crossover, the price may rise to $2.50 or $3.00.

XRP could be one of the most interesting coins to watch this week due to its strong fundamentals and the attention it is receiving from futures traders.

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