$754 Million XRP in 24 Hours, What's Happening?

XRP gains bullish momentum

But this is not it. Open Interest (OI) for XRP has also surged 3.42% to the massive $751.31 million level. OI is another crucial indicator as it highlights the number of open positions for a coin. A rise in OI means that more investors are now entering the market. For XRP, it reveals that investors have stopped sitting on the sidelines. As of writing time, the Ripple-associated coin has surged 1.71% in the last 24 hours.

Currently trading at $0.5408, the XRP price has demonstrated the comeback of bulls with these gains. Moreover, it has successfully tested the $0.54 level while also clearing the resistance zone. XRP is now targeting the next resistance at the $0.56 level. Seeing the current market sentiment, it is likely that the coin may accomplish it.