XRP futures open interest surges by 32% — Are traders bullish or bearish?

XRP price continues to recover as its futures open interest rises. Are analysts’ double-digit price estimates realistic?

Key Takeaways: 

XRP has gained 25% since April 7, and its open interest has risen by 32%.

Positive spot market activity contrasts with a neutral futures funding rate, highlighting a tug-of-war between traders.

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