XRP Price Faces Key $3 Resistance as Futures Open Interest Suggests Possible Upside Potential

Key Points

1. XRP price has surged 33% in ten days but faces strong resistance at $3, a historically significant level.

2. Futures open interest for XRP has reached $8.11 billion, nearing the January peak, signaling increased trader activity and potential volatility.

3. A confirmed breakout above $3 could propel XRP toward its previous all-time high of $3.40, with limited resistance beyond that level.

4. Liquidation zones are concentrated between $3.04 and $3.14, indicating areas where significant stop-loss orders may trigger price movements.

5. Technical analysis suggests that a breakout could mark the start of a strong momentum phase, potentially leading to rapid price acceleration.