XRP extends rally toward $1.50 as derivatives activity rises despite ETF outflows
- —XRP holds near $1.50, above its 50-, 100- and 200-day EMAs clustered between $1.27 and $1.36
- —Perpetual futures open interest climbed to 2.3 billion XRP from 2.08 billion on September 13
- —Spot XRP ETFs logged $44,000 in outflows Friday and about $5 million the prior day
- —Cumulative ETF inflows remain positive at $1.71 billion, with net assets averaging $1.51 billion
Why it matters: A daily close above $1.50 could open the door to $1.60 and August highs of $1.70, though near-overbought RSI levels raise pullback risk.
Source: FXStreet Crypto