Brief content
⚈ The SEC calculation agreement fits the increase in the price of XRP to $ 2.37, which will increase by 6.81%by 64 hours.
⚈ XRP is aimed at $ 2.40, with potential trade in the range from $ 2.58 to $ 2.75.
XRP open percentage, which measures the number of derivative positions open at any time, is close to the 1-month maximum.
As of May 8, there were a little more than 1.5 billion of such open positions – 1 509 021 450, to be precise. This is 13.37% from growing provisions with about 1.3 billion (1 330 942 764), which were open a day earlier, according to data analyzed by Finbold and extracted from the market data platform Cryptus.
This high degree of interest in the speculative positions of the XRP can soon surpass the current 1-month maximum reached on April 28, which amounted to 1,521,467,165 positions, which is only 0.82% higher than on May 8.
XRP prices and open interest surge in tandem
During the press on May 9, the price of the XRP amounted to $ 2.37, and Token made 6.81% of moving to potential over the past 24 hours.
The main driver of the rally was the submission of a commission on securities and exchanges (SEC) of letters on the settlement agreement regarding the long -standing case of Ripple V. Sec. With a key obstacle, which will become the case of the past, XRP prices rose in anticipation of a much higher degree of institutional adoption, which is now possible.
The next goal of the XRP is $ 2.40, with the exception of a bear turn on the market, the digital asset is likely to surpass this threshold in the near future. In addition, token may experience a short period of trade in the range in the region from $ 2.75 to $ 2.75, after which there are no significant barriers to the mark of $ 3.
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