Despite a 5% Drop in Open Interest, Is XRP’s Breakout Opportunity Still Alive?

Updated

April 16, 2025

Gambar Despite a 5% Drop in Open Interest, Is XRP’s Breakout Opportunity Still Alive?

Jakarta, Pintu News—In the past 24 hours, Ripple’s price journey has not gone smoothly. Despite experiencing a decline in trading volume and open interest, Ripple (XRP) still showed impressive price resilience.

Although some performance indicators show conflicting trends, the digital currency still maintains a positive outlook in the long run.

Check out the full news below!

Ripple (XRP) Market Dynamics

Despite a 13% drop in trading volume over the past day, Ripple (XRP) managed to maintain its positive trend over the past seven days. Data from Coinglass also recorded a 5.3% drop in open interest, signaling a decline in participation in both the spot and futures markets.

However, the resilience of the Ripple (XRP) price suggests that other factors may be supporting the value of this currency amidst such a decline in interest. A decrease in open interest and trading volume usually signals reduced investor activity.

However, Ripple’s stable price (XRP) suggests strong support from some investors who still believe in its long-term potential. This could be because some investors may see this drop as an opportunity to buy at a lower price before the price goes back up.

Prospects and Effects of Business Expansion

xrp price april 16 — Source: Coinmarketcap

Ripple (XRP) was the only digital currency to record inflows in the latest digital assets report from CoinShares. This suggests that, while the general market may be in decline, Ripple (XRP) is still attracting some interest.

Ripple’s business expansion and acquisition of Hidden Road are also expected to positively impact the price of Ripple (XRP) going forward. These expansions and acquisitions enhance Ripple’s capabilities in providing broader blockchain solutions and strengthen its position in the global market.

By expanding its reach, Ripple could potentially attract more users and investors, increasing the demand and price of Ripple (XRP).

Also read: Bitcoin (BTC) Poised to Surge to $90,000, Is This the Start of a New Bullishness?

Industry Predictions and Trends

Although it is tied to broader industry trends, there are indications that Ripple (XRP) may be about to experience its own breakout. Factors like business expansion and current market conditions might contribute to the potential price surge.

Investors and market watchers should remain alert to changes in the global market and blockchain industry. Ripple’s (XRP) ability to remain stable and show growth potential amidst market uncertainty speaks to its strength and appeal.

As one of the major digital currencies, Ripple (XRP) continues to show that it has what it takes to survive and thrive in volatile market conditions.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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