With a 5.42% increase in the last day to $652.66 million, XRP's Open Interest (OI) indicates robust investor interest. OI, which measures the quantity of open positions in futures contracts, shows increasing market activity and a bullish attitude toward XRP. This rise implies that more capital is entering XRP, which could encourage a price gain.
XRP Sees 2.97% Daily Surge Amid Bullish Momentum
With positive momentum, XRP's price has surged 2.97% to $0.5863 in the last day and 8.79% during the previous week. The coin recently increased from $0.5260. With a 62% possibility of a 0.5% drop, the U.S. Federal Reserve's forthcoming rate decision on September 18 is the focus of the market right now. This could lead to short-term rallies in XRP and the whole market.
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