XRP forms triangle: break above $1.38 could open path to $1.60
- —More than 4.8 billion XRP bought in the $1.31–1.38 range — this is the demand zone
- —About 1.99 billion XRP acquired at $1.60, another 1.98 billion at $1.68
- —XRP futures open interest fell 16% to 2.34 billion tokens
- —CME's share of open interest rose from 10% to 17% (387 million XRP)
Why it matters: A break above $1.38 could open the path to $1.60, but RSI is neutral, MACD is in sell mode, and the price is below key moving averages.
Source: Cryptonews.com