Crypto
XRP Price Seeks $1.56 Breakout Amid Futures Open Interest Decline
XRP's price has been struggling to break through resistance levels, and analysts are pointing to a $1.56 breakout as necessary for the token to retest its September highs around $1.65.
On September 30, XRP traded at around $1.50, with futures positioning and U.S. ETF inflows contributing to a pullback from earlier highs.
According to CoinGlass data, futures open interest fell by about $270 million from September 28, indicating decreased exposure to the token in derivatives markets.