Will XRP Surge Past $5? Analyst Predictions and Market Insights

XRP price has seen a notable surge in open interest, indicating increased trader activity and confidence despite the market’s overall sluggishness. While few analysts are willing to predict a bullish trajectory for XRP, recent data from CoinGlass shows a substantial increase in open interest, reaching $3.61 billion within 24 hours. This suggests that traders are betting on Ripple’s next move and placing strategic positions based on key resistance and support levels. 2023 has witnessed growing activity as investors anticipate potential price movement.