Dogecoin Open interest Remains Muted Below $500 Million, Whats Going On?

With the market recovery, open interest in major assets has been rising, but it seems Dogecoin is not following this trend. The meme coin has remained muted with a failure to move like other large caps such as Bitcoin and Solana. Naturally, the direction of open interest can have an impact on the performance of Dogecoins price. So, what could this muted open interest mean for the meme coins price going forward? Dogecoin Open Interest Fails To Move According to data from the Coinglass website, the Dogecoin open interest has failed to surpass the $500 million level once again. On Thursday, the Dogecoin open interest was $493.97 million, which is a long way from its all-time high. This comes even as the meme coins open interest surged 6.9% in the 24-hour period, with notable jumps across crypto exchange such as OKX and Bitget. Related Reading: October To Remember: Descending Broadening Wedge Says Bitcoin Is Going To $90,000 Despite this increase, the Dogecoin open interest is still firmly below its August highs. The open interest started out in August above $618 million. However, since then, it has remained muted, suggesting that crypto traders have turned their attention elsewhere. Even more concerning is the fact that the open interest is more than 70% below its all-time high from March 2024. On March 29, 2024, the Dogecoin open interest had reached a new peak of $2.21 billion. But since then, the open interest has been seeing a steady decline. At Thursdays figures of $498 million, the DOGE open interest is now seeing a 77% decline from its Marchs figures. Why This Decline Could Be Good For DOGE The open interest gives the total of the open options or futures contracts in the market for a particular digital asset. Basically, it helps investors to tell if traders are betting heavily on the recovery or decline of a cryptocurrency or not. Related Reading: XRP Price Prediction: Crypto Pundit Predicts Historical 9,468% Pump To $27 Given Dogecoins data, it shows that traders are not exactly focused on the meme coin as they used to be. However, this is not always a bad thing, as periods of low open interest have often marked market bottoms. The low open interest usually gives investors a good time to enter into the coin, as the price often declines with the open interest. As the Bitcoin price recovers, it is expected that the Dogecoin price will follow, and when the open interest begins to recover, the DOGE price is expected to grow rapidly with it. A similar scenario was witnessed back in January 2024, with the open interest marking a bottom somewhere around $300 million. However, over the next few months, the open interest rose more than 630%, triggering an over 100% price surge for Dogecoin. If the same scenario plays out here, then the DOGE price could double once more. This would put the price firmly above the $0.2 level, especially with a bull run expected in the last quarter of the year. Featured image created with Dall.E, chart from Tradingview.com

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Is Chainlink (LINK) $12 Breakout Imminent? Data Reveals A Rising Open Interest

Chainlink is in a consolidation phase after weeks of volatility and selling pressure. The price currently holds above a support level of $10, a crucial liquidity level. The altcoin attracts the attention of analysts and investors who anticipate higher prices soon.  Related Reading: Solana (SOL) Surges Past $130 Resistance As Funding Rate Signals Bullish Momentum Data from Santiment reveals rising open interest, which signals sustained demand for Chainlink. As more traders and investors build positions, this increase in open interest suggests that a price rally could be on the horizon. This stabilization around the $10 mark has given some confidence to those who believe LINK may be poised for a breakout. Many analysts see this as a potential turning point for Chainlink, with its current price action reflecting growing optimism for future gains. If the consolidation holds and momentum builds, LINK could potentially push past its recent resistance and aim for higher levels. Chainlink Investors Showing Confidence  Chainlink is testing key supply at its current levels, and top traders and investors are confident in a potential rise for LINK in the coming weeks. One significant indicator signaling strength is the rising Open Interest (OI), as revealed by Santiment. OI tracks the number of active contracts tied to a cryptocurrency, serving as a reflection of market engagement. When OI increases, it signals growing liquidity and interest in the market, while a decrease in OI typically points to reduced exposure. From a price analysis perspective, a rise in OI combined with a price dip often confirms a continuing downtrend. On the other hand, if OI decreases while the price rises, it may signal a bearish reversal. In Chainlinks case, both OI and price are increasing, which suggests that the current uptrend could persist. As investors monitor the market, many are waiting for price confirmation above current levels to keep the momentum going and shift the overall negative sentiment that has clouded Chainlink in recent weeks. Related Reading: Cardano (ADA) Rally Brewing? On-Chain Metrics Suggest Investors Optimism LINKs breakout could fuel a bullish run, as traders expect a more bullish trajectory in the short term. The rising OI serves as a strong indicator that market participants are increasingly confident in LINK’s potential for further gains. LINK Price Testing Supply At $10.8 Chainlink (LINK) is trading at $10.40 after testing local resistance at $10.83, positioning for a potential breakout toward higher prices. The price is struggling to clear the 4-hour 200 moving average (MA) at $10.71, a key indicator that has acted as a resistance since late August. For bulls to maintain momentum, LINK must reclaim the 4H 200 MA and target the next resistance at $12.70. Breaking past this level would signal a reversal and could lead to a more sustained uptrend, offering investors hope for further gains. However, if LINK fails to break through the 4H 200 MA, the altcoin will likely face a pullback, with support anticipated at lower demand levels around $9.30. A failure to hold this support could result in even lower prices, reinforcing the downside risk for traders. Related Reading: Avalanche (AVAX) Ready To Target $28: Investors Expect A Reversal The coming days will be crucial for LINKs price trajectory as the battle between bulls and bears intensifies. Featured image from Dall-E, chart from TradingView

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Solana, Ethereum Attract Traders Amid Bitcoin Open Interest Plunge

Data shows that Bitcoin (BTC) Open Interest plummeted during the latest market retrace, but Solana (SOL) and Ethereum (ETH) have been resilient. Solana & Ethereum Open Interest Has Only Seen A Mild Retrace According to data from the analytics firm Santiment, Bitcoin has seen its Open Interest plunge after the pullback in its price. The “Open Interest” here refers to a metric that keeps track of the total amount of derivatives positions related to a given asset (in USD) currently open on all exchanges. Related Reading: Bitcoin Breaks $64,000, But This Pattern Could Mean Bull Run Isnt Safe When the value of this metric goes up, investors will be opening new positions in the derivatives market right now. As new positions generally suggest a rise of total leverage in the market, the Open Interest registering this trend can lead to more volatility for the cryptocurrency’s price. On the other hand, the indicator observing a decline implies some investors are either closing up their positions of their own volition or getting forcibly liquidated by their platform. The asset tends to behave more stably once such a decrease goes through. Now, here is a chart that shows the trend in the Open Interest for three top coins in the sector, Bitcoin, Ethereum, and Solana, over the past month: As displayed in the above graph, the Bitcoin Open Interest has dropped around 7.5% in the past day. The reason behind this plunge will likely be the asset’s retrace to levels under $63,000. Interestingly, while Ethereum and Solana have registered similar price drawdowns inside this window, the Open Interest is only down around 2% for both of them. It’s possible that Bitcoin was simply the most leveraged of these assets, so the relatively small price drop was enough to cause significant liquidations. There are also some other possibilities, however. The investors may be more interested in the altcoins right now, choosing to close down BTC-related positions and opening up more positions related to alts like Solana and Ethereum. It’s hard to say whether this increased appetite for speculation around Solana and Ethereum relative to Bitcoin is a positive for the market. Still, it does set these coins up to see some action shortly. Related Reading: Bitcoin Tops & Bottoms Occur When This Metric Spikes, Analytics Firm Reveals On the topic of liquidations, data from CoinGlass has revealed the exact figures related to the Open Interest flush the cryptocurrency sector has witnessed in the last 24 hours. The table shows that $107 million in cryptocurrency derivatives contracts have found liquidation during the past day, with over $88 million of these coming from the long contract holders alone. SOL Price At the time of writing, Solana is trading around $156, up almost 7% over the past week. Featured image from Shutterstock.com, CoinGlass.com, Santiment.net, chart from TradingView.com

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Ethereum Open Interest Drops 40% In August Whats Happening?

Several large-cap assets, including Bitcoin and Ethereum, struggled to make a mark in the past week, as the general market suffered a steep downturn in prices. According to various analyses, the market was negatively impacted by some recent macro developments in different countries. This significant decline has had a widespread effect on the market sentiment, with most investors now treading cautiously. This can be seen with the recent drop in Ethereum open interest, which could hold serious implications for the price of ETH. Ethereum Open Interest Declines By $6 Billion Impact On Price? According to the latest report by blockchain analytics platform CryptoQuant, the Ethereum open interest has fallen by more than 40% (approximately $6 billion) in the month of August. The open interest metric refers to an indicator that measures the total number of derivatives positions of a cryptocurrency (ETH, in this case) currently open on all centralized exchanges. Related Reading: More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap An increase in this indicators value implies that investors are opening up new positions in the futures and options market at that given time. It basically indicates that investors are pouring money into ETH derivatives at the time. When the metric falls, on the other hand, it means that derivatives traders are closing their positions or getting liquidated in the market. As shown in the chart above, the Ethereum open interest has been in a downward trend since the start of August, bottoming out on Monday following the general market downturn. According to data from CryptoQuant, the open interest of ETH stands at around $7.67 billion, as of this writing. Although it has demonstrated some good signs of recovery in the past day, a low open interest does not look healthy for the Ethereum price especially if viewed from a historical standpoint. Decreased positions in the derivatives markets could cause a fall in liquidity, which could lead to substantial price fluctuations due to market inefficiency. At the same time, the falling open interest could dampen volatility in the Ethereum market in the short term, especially as fewer investors are betting on the ETH price. A low volatility suggests that the price of Ethereum might not witness any large movement any time soon. ETH Price At A Glance As of this writing, the price of Ethereum continues to hover around the $2,600 mark, reflecting an almost 4% decline in the past 24 hours. According to data from CoinGecko, the altcoins value is down by more than 13% in the last seven days. Related Reading: XRP Has Surpassed Bitcoin, Ethereum, And Solana Combined In This Metric Featured image from Unsplash, chart from TradingView

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Bitcoin late longs washed out as BTC price falls to $65K

Bitcoin leveraged positions increased over the past week, and a portion of these late longs have been wiped out as BTC price dropped closer to $65,000.

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Record $39.4B Bitcoin open interest suggests imminent price breakout

Open interest is often used to gauge the interest and liquidity behind an asset. In Bitcoins case, the surge in open interest could signal an imminent breakout.

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DOGE open interest up 19% amid price 'breaking out' to monthly high

Doge interest among future traders is ramping up amid the price breaking out to its highest in 34 days.

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Bitcoins rally rekindles the derivatives market

Changes in futures and options open interest provide insight into market sentiment, liquidity, and potential price movements. Futures and options reveal how traders position themselves and show their expectations for future price action. Open interest measures the flow of money, showing whether new capital is entering or exiting the market. Looking at open interest, we […]

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Calls dominate Bitcoin options despite price drop and ETF outflows

While the usual volatility has been absent from the derivatives market, the slight fluctuations seen in the past few days still managed to reveal subtle market trends. Between June 12 and June 14, Bitcoin options open interest increased $20.85 billion on June 12 to $21.91 billion on June 13, before decreasing to $21.42 billion on […]

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$1.35B in Bitcoin options expire this week Do BTC bulls or bears have the upper hand?

This weeks Bitcoin options expiry sits at $1.35 billion, but what is the expected impact on BTC price?

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Bitcoin Relative Open Interest Lowest Since Feb, Analyst Says Hard To Be Bearish

Data shows the Bitcoin Open Interest as a percentage of its market cap has been at lows recently, a sign the derivatives side has been healthy. Bitcoin Open Interest Is Now Less Than 2% Of The Market Cap As explained by analyst James Van Straten in a new post on X, the derivatives side of the market has looked “extremely healthy” while BTC’s latest recovery has occurred. The metric of interest here is the “Open Interest,” which keeps track of the total amount of derivatives-based Bitcoin positions that are currently open on all centralized exchanges. Related Reading: XRP Forms On-Chain Signal That Led To 16% Crash Last Time When the value of this indicator goes up, it means that the investors are opening up more positions on the market right now. Generally, the total leverage in the market rises when such a trend takes place, so the price of the asset could end up turning more volatile following it. On the other hand, a decline in the metric suggests users are either closing up their positions of their own volition or getting forcibly liquidated by their platform. The cryptocurrency may behave in a more stable manner following such a decrease. Now, here here is a chart that shows the trend in the Bitcoin Open Interest over the past few years: The value of the metric seems to have been going down in recent days | Source: @jvs_btc on X In the graph, the Open Interest is displayed as a percentage of the asset’s market cap (that is, the total valuation of the entire BTC circulating supply at the current spot price). It would appear that the indicator has registered a drawdown recently and has slipped under the 2% mark. This would suggest that the positions on the derivatives market now make up for less than 2% of the market cap. From the chart, it’s visible that the metric had earlier spiked to a high as the coin’s rally towards a new all-time high had taken place. Interestingly, the market cap was rapidly going up in this rally, but this ratio was still trending up, implying that speculation had been growing at a rate faster than the price. This may have been a sign that the derivatives side was starting to become overheated. In the drawdown that had followed the price top, the investors had started getting liquidated, leading to the ratio registering a decline. Related Reading: Crypto Analyst Says Cardano Ready For A Parabolic Bull Run, Heres Why The most recent price drop had helped reset the market further, bringing the ratio down to levels not seen since February. Bitcoin has been mounting a recovery effort in the past few days, but so far, the derivatives market has remained cool. “Hard to be bearish here,” says the analyst. It now remains to be seen if the health of the market would continue to look optimistic in the coming days, thus potentially allowing for the recovery to go a step further. BTC Price Bitcoin had returned back above $65,500 earlier, but the asset has since seen a small pullback as it’s now down to $64,100. Looks like the price of the asset has been heading up over the last few days | Source: BTCUSD on TradingView Featured image from André François McKenzie on Unsplash.com, Glassnode.com, chart from TradingView.com

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$8.2B in Bitcoin and Ether options expire, heres how it could impact the markets

The total OI notional value for all outstanding BTC options contracts is $19 billion.

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3 reasons why Ethereum is stuck below $3,900

Factors include uncertainty in the spot Ethereum ETF launch, high ETF futures open interest, and stagnant Ethereum network usage.

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Bitcoin futures open interest reaches a 16-month high: $70,000 granted?

BTC derivatives show moderate bullishness, paving the way for further gains above $70,000.

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Altcoin Season Soon? Quant Says This Ethereum Pattern Could Suggest So

A quant has explained how a pattern currently forming in the Ethereum Open Interest could imply the altcoin season is coming “sooner than expected.” Altcoin Season May Be Approaching Soon Based On Ethereum Pattern In a CryptoQuant Quicktake post, an analyst has discussed about why an altcoin season may be coming soon for the cryptocurrency sector, based on a trend taking place in a couple of Ethereum and Bitcoin indicators. The first metric of relevance here is the “Open Interest,” which keeps track of the total amount of derivatives positions related to a given asset currently open on all centralized exchanges. Related Reading: Shiba Inu One Of The Most-Traded Tokens By Whales, Data Shows When the value of this metric goes up, it means the speculators are opening up fresh positions for the coin right now. On the other hand, a decline implies the users are either closing up their positions of their own volition or getting forcibly liquidated by their platform. Now, here is a chart that shows how the trend in the Open Interest has compared between Bitcoin and Ethereum over the past year: As displayed in the above graph, the Bitcoin Open Interest has been moving more or less sideways recently, while at the same time, the metric has registered growth for Ethereum. This would suggest that ETH has been seeing more appetite for derivatives market contracts than the original cryptocurrency recently. One of the driving factors behind this could be the news cycle related to the approval of the spot exchange-traded funds (ETFs) for the asset. In the same chart, the quant has also attached the data for another indicator: the Estimated Leverage Ratio (ELR). This metric measures the ratio between the Open Interest and the Exchange Reserve for any asset. The latter is naturally the total amount of the coin that’s currently sitting in the wallets of all centralized exchanges. The ELR basically provides us with information about the amount of leverage that the average user in the derivatives market is opting for right now. From the graph, it’s visible that this ratio has seen a surge for Ethereum recently but has been showing flat action for Bitcoin. Thus, it would appear that not only has ETH been seeing more speculative interest than BTC recently, but also these users opening contracts are going for higher risk as they are taking on more leverage. Related Reading: Analyst Says Only A Matter Of Time Before Bitcoin Flies Past ATH The analyst believes that the fact that Ethereum has overtaken Bitcoin in these indicators could be a potential sign that an altcoin season may be approaching soon. “If Ethereums price continues to consolidate in the current range, its very possible that the altcoin season will start sooner than expected,” notes the quant. It now remains to be seen how things play out in the market in the near future, given this shift of trend. ETH Price After seeing a slowdown earlier, Ethereum has been back on track in the past couple of days as its price has now climbed back above the $3,900 level. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

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Bitcoin and Ether options worth $2.7B set to expire

The upcoming 21,000 contract expiry is dwarfed by the significantly larger $4.3 billion options expiry on May 31, according to Deribit.

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Why is Ether (ETH) price up today?

Ether price is up today as interest in the spot ETH ETF in Hong Kong and investors expectation of a looser monetary policy in the U.S. boosted sentiment.

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Derivatives saw spike in Open Interest and volume as Bitcoin broke $66k

Bitcoin regained the $66,000 level in the night between May 15 and May 16, recovering some of the losses it incurred in the past week. This spike substantially impacted the derivatives market, significantly influencing both open interest and trading volume. Futures open interest, which indicates the total value of outstanding futures contracts yet to be settled, […]

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Price Down, Bets Up: Dogecoin Open Interest Climbs To $1.62 Billion

Dogecoin traders are showing a lot of interest in futures contracts, even though the coins price has dipped a bit. That split between price moves and betting activity is drawing attention. Related Reading: Bitcoins Grip Loosens: Market Expert Says Dominance Has Hit Its Ceiling Futures Interest Climbs Despite Pullback According to onchain data provider Glassnode, open interest in Dogecoin futures jumped from almost $990million to $1.62billion this week. That rise came after the price slid back from near $0.25 into the $0.22$0.23 zone. Its a sign that traders are still placing big bets, even as momentum cools. Back in midFebruary, open interest fell below $900million by April, as Dogecoin headed down from its brief rally above $0.23. This weeks surge breaks that past trend. Despite $DOGE pulling back from its recent high, Futures Open Interest continues to rise, up +63.9% over the past week ($989M $1.62B). This decoupling suggests persistent speculative positioning, even as price momentum fades – a setup worth monitoring: https://t.co/N343pGpptL pic.twitter.com/icOVcqDffA glassnode (@glassnode) May 13, 2025 Price Rally And Minor Setback Based on reports, Dogecoin climbed from roughly $0.16 on May 6 to just over $0.24 by May 11. Thats a sharp gain in just a few days. Then the price eased back into the $0.22$0.23 range. Traders saw higher highs and higher lows overall. Theyve held onto the belief that the upward trend is still intact. Bullish Funding Rate Signals Funding rates have stayed in positive territory, which shows futures traders are mostly long. Data from Coinglass on May 13, 2025, puts rates at 0.0100% on BitMEX, HTX, Gate.io and Bitget. Binance and OKX are a bit lower, at 0.0036% and 0.0034%. Those numbers mean long holders pay short sellers a small fee. That setup can boost a rally. But if the price drops, it can turn costly for those same traders. Support Level Under Watch Market analyst Rekt Capital pointed out that Dogecoin closed above its old prehalving resistance on the weekly chart. That level now sits near $0.22 and is acting as support. If DOGE holds that spot, the coin might head toward at least $0.27 next. A failure to stay above $0.22 could shake out some of the most stretched positions. Related Reading: Avalanche Rumbles 21% Amid Record-Breaking Address Activity Overall, the mix of rising futures activity and a soft pullback makes for a tense scene. On one hand, theres still a strong bullish bias. On the other, too much onesided positioning can invite a shakeout. Traders will be watching weekly closes around $0.22 to see if support holds. If it does, a run at $0.27 could happen. If it doesnt, shorts may gain the upper hand and push prices lower. Either way, volatility is likely to stay high as Dogecoins rollercoaster ride continues. Featured image from Gemini Imagen, chart from TradingView

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XRP Open Interest Surges 41% As Speculation Grows Over $1B Added In Just One Week

XRP has gained significant momentum over the past several days, posting a sharp 24% rally since last week as bullish sentiment returns to the broader crypto market. With Bitcoin holding above $100K and Ethereum reclaiming the $2,200 mark, altcoins like XRP are beginning to show strength after months of subdued performance. Analysts are now calling for a potential breakout, emphasizing the importance of XRP reclaiming key resistance levels in the coming days to confirm a sustained move higher. Related Reading: Ethereum Recovery Gains Strength: Massive Comeback Above Key Support Fueling this optimism is new data from Glassnode revealing a dramatic surge in XRP Futures Open Interest. The metric has climbed over $1 billion in just one week, rising from $2.42 billion to $3.42 billiona 41.6% increase. This spike suggests a growing wave of speculative interest and directional conviction among traders. As leverage builds, all eyes are on XRPs next move to determine whether this momentum can evolve into a full-blown rally. The rise in open interest alongside price appreciation often points to sustained bullish intent, adding weight to calls for a continued surge. With volatility returning to the altcoin market, XRP could be gearing up for one of its most critical breakouts in months. XRP Leads With Strong Momentum And Rising Leverage XRP is emerging as one of the strongest performers in the market, displaying remarkable resilience during recent downtrends and now showing clear strength in the current bullish environment. After consolidating through volatile conditions, XRP has surged above the $2.50 level, firmly positioning itself as a leader among large-cap altcoins. The price action remains tight, with bulls continuing to test the $2.60 zone while bears are unable to push the price below the new support levels formed near $2.35. This price compression, combined with broader market optimism, suggests that XRP may be gearing up for a major move. With Bitcoin consolidating near its all-time highs and Ethereum testing crucial resistance zones, analysts are paying close attention to XRPs trajectory. The altcoin market is heating up, and XRPs technical structure hints at a bullish expansion phase if current levels are maintained or reclaimed with volume. Supporting this bullish outlook is recent data from Glassnode, showing that XRP Futures Open Interest has soared by over $1 billion in the past week. It jumped from $2.42 billion to $3.42 billiona 41.6% increasecoinciding with a price rally from $2.14 to $2.48. This surge in leverage underscores growing speculative interest and strong directional conviction among traders. Elevated open interest, particularly when paired with upward price movement, often signals sustained momentum and institutional participation. With XRP firmly above key support and showing signs of renewed investor confidence, the next few sessions could be pivotal for determining whether XRP will finally break out into a new macro trend. Related Reading: Ethereum Hits Major Level After Biggest Weekly Candle In Years What Comes Next? Price Action Signals Strength Amid Market Momentum XRP is showing strong bullish momentum as it continues to trend higher, currently trading around $2.55. The chart reveals a well-established uptrend, with XRP recently breaking above key resistance levels and holding above both the 200-day Simple Moving Average (SMA) and Exponential Moving Average (EMA), currently at $2.13 and $2.02, respectively. This alignment of moving averages below the current price reinforces the bullish structure. Over the past two weeks, XRP has surged more than 24%, confirming higher lows and higher highs in the process. After briefly stalling at $2.60, the price is now consolidating with low volatility just below that levelindicating potential for another breakout if buying pressure resumes. Volume also picked up significantly during the initial leg of this move, signaling strong interest from market participants. Related Reading: Solana Rallies Into Pivotal Zone $180 Level Could Define Next Move The next resistance level to watch is near $2.80, which marked a major rejection zone earlier in the year. On the downside, the $2.35 zone has now turned into strong support and would be a critical level for bulls to defend if momentum weakens. Featured image from Dall-E, chart from TradingView

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