XRP is drawing attention by recording a futures trading volume of $396 million (approximately 5.5 trillion won) in just one day amid the overall downturn in the cryptocurrency market. Binance played a leading role, accounting for about $1.21 billion (approximately 1.68 trillion won), followed by Bybit and OKX, which recorded trading volumes of $793 million (approximately 1.1 trillion won) and $520 million (approximately 722.8 billion won), respectively. Along with the surprising increase in trading volume, XRP's price momentarily approached the technical resistance level of $2.14 (approximately 2,975 won), raising market expectations.
This surge is analyzed to be driven by the *strong buying sentiment* of futures market investors. The open interest increased by 5% in a day, with nearly $550 million (approximately 764.5 billion won) of new funds flowing in, and the funding rate maintained a positive value, indicating buying dominance. Experts interpret these data as a signal of *conversion rather than a speculative movement*.
Cryptocurrency analyst Egrag Crypto suggested that the chart pattern currently forming for XRP shows similarities to the bullish market structure of 2017, proposing the possibility of reaching $27 (approximately 37,530 won) within the next two years. If the 'fractal pattern' repeating past cycles is valid, XRP could potentially break out of single-digit price ranges and set new all-time highs.
Fundamental factors are also positive. Ripple's global expansion strategy and expectations of regulatory clarity in the US are acting as factors strengthening trust in the XRP ecosystem. Particularly, as the long-standing legal dispute with the US Securities and Exchange Commission (SEC) approaches its final stages, institutional investor inflows for XRP are likely to accelerate. If combined with ETF approval rumors, this could serve as a powerful catalyst.
Ultimately, the surge in XRP futures trading volume is interpreted beyond a speculative response to short-term volatility. With technical indicators showing a positive trend and fundamentals gradually improving, XRP is assessed to be at a turning point. The ability to break through the $2.14 resistance level is particularly considered a key variable in determining future price trajectory.
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