XRPUSD Traded in Tight Range Amid Low Derivatives Leverage and Banking Pilots

XRPUSD has been trading in a tight range between $1.48 and $1.52. While there is resistance at $1.52-$1.55, support lies at $1.45-$1.46. Technical analysis suggests a 4H triangle is forming, and a close above $1.53 could lead to a price target of $1.62-$1.70. Additionally, the open interest on Binance is around $516.6M, indicating low derivatives leverage, which could result in faster trader reactions if the price breaks out or breaks down. Disclosures have revealed that banks have piloted Ripple's technology, including custody services for XRP, although no confirmation has been made regarding XRP's use as a settlement asset or spot CFD settlement volumes.