XRP Pushes Toward $1.50 as Momentum Indicators Soar

XRP continues to surge, pushing its price near $1.50 on Monday.

The payments-focused token has posted four consecutive days of gains, driven by strong momentum indicators and improving risk appetite in the broader cryptocurrency market.

A daily close above $1.50 could put bulls firmly in control, increasing the likelihood of a breakout toward $1.60 and potentially even the August highs around $1.70.

The XRP derivatives market is gaining momentum, with open interest in perpetual futures rising to 2.3 billion XRP on Monday from 2.2 billion XRP the previous day.

Despite this, institutional investors remain cautious, as US-listed spot XRP exchange-traded funds (ETFs) recorded modest net outflows totaling $44,000 last Friday.