XRP is showing signs of a potential price rally toward $6 fueled by increasing futures open interest and positive technical indicators. Recent data reveals that XRP’s price rose significantly, reaching an intraday high of $3.31, driven by bullish news regarding Ripple and the SEC. Increased open interest in XRP futures suggests new capital entering the market, especially from institutional investors, alongside a positive funding rate indicating that most traders are anticipating further price increases. A bullish breakout is possible if XRP closes above key resistance levels, with price targets potentially reaching as high as $6.70 if the current upward momentum continues. The market sentiment remains confident, with a high proportion of long positions among traders, though this also introduces liquidation risks. The Relative Strength Index (RSI) indicates that the market is not yet overheated, paving the way for continued upward movement, further supported by historical patterns suggesting a possible large price increase if XRP continues on its current trajectory.

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