bullish

Bitcoin

Momentum

<ul class="wp-block-list">
 <li>Bitcoin maintains a strong position as altcoins surge fiercely.&nbsp;</li>  
 <li>The price of Ripple’s XRP pumped by over 15% taking the price to over $1.&nbsp;</li>  
 <li>This hike led to XRP Futures Open Interest hitting an ATH.</li> 
</ul>  
<p>As Bitcoin maintains its $90,000 position with targets set to hit over $100,000 by the end of Q4, sentiment for a bullish altseason grows stronger. Mirroring the altcoin market expectations are altcoins themselves that are either showing bullish indicators or have already begun to pump showing glimpses of a glorious altseason ahead.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-xrp-breaks-past-1-sets-bullish-momentum">XRP Breaks Past $1 Sets Bullish Momentum</h2>  
<p>In the limelight today is Ripple’s <a href="https://ripple.com/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP</a>, this long-appreciated token is a popular altcoin in the crypto space. In 2018, XRP set an ATH of $3.40. Since then the asset has been trying to break past a crucial barrier in the $0.6 level. Over the last 48 hours, the <a href="https://cryptonewsland.com/xrp-in-the-psychological-zone/" target="_blank" rel="noopener noreferrer nofollow">price of XRP</a> saw a sudden pump that led to the asset going over 2x in price.</p>  
<h2 class="wp-block-heading" id="h-xrp-futures-open-interest-hits-new-ath">XRP Futures Open Interest Hits New ATH</h2>  
<p>Indeed, the price of XRP pumped from $0.58 where it has been stuck for almost two crypto cycles and <a href="https://cryptonewsland.com/xrp-breaks-1-after-a-golden-cross/" target="_blank" rel="noopener noreferrer nofollow">broke past $1</a> to reach a trend high of $1.21. This has led to a sudden interest in XRP Futures. So much so that the XRP Futures Open Interest hit a new ATH of its own, as we can see from the image below.</p>  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdq9ZyXsohu1hAgIkg_TNcLfhlSEAvgVfPkhHT2dVOgDQ-HlVU03O5Gd1LuRG0kcQCcffUnlCKR4hRGcAJG4qNdkArYX_ozWZyETcmWoq-GjPS6Vo4zNPGz87P3wpO_wDst_Ycv?key=eWjleB3vUNT6f3EbGcA90tKp" alt="">
</figure>  
<p>As depicted in the image above, XRP Futures Open Interest on exchanges reached an all-time high of $2.11 billion on Nov 18, 2024, with XRP token trading at $1.16. Presently, according to <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>analytics, the price of XRP stands at $1.15 with a total market cap of $66,362,315,443&nbsp; and a 24-hour trading volume of $116,550,587,464.&nbsp;</p> 
<p>The post <a href="https://cryptonewsland.com/xrp-futures-open-interest-hits-ath/" rel="noopener noreferrer nofollow">XRP Futures Open Interest Hits ATH as XRP Price Pumps by Almost 100% in the Last 7 Days</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

XRP Futures Open Interest Hits ATH as XRP Price Pumps by Almost 100% in the Last 7 Days

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