+191% For XRP: Enormous and Unexpected Recovery

Key Points

1. XRP's trading volume surged by 191%, reaching $18.16 billion, with open interest increasing by 20.41% to $8.79 billion, signaling new money entering the market.

2. The price of XRP swung to the $3.60 zone, with buyers re-entering the market when it pulled back to support near $3.03, pushing it back above $3.30.

3. Technical indicators like the 200 EMA and 50 EMA trending upward suggest continued bullish potential, while the RSI has cooled from overbought conditions.

4. A +1,355% spike in options volume indicates aggressive positioning by traders, though maintaining momentum beyond the $4.00 mark is a significant obstacle.

5. XRP has the technical basis to challenge $4.50 and potentially $5.00 if current momentum continues, but a decline below $2.90 could disrupt this trend.