Will XRP Price Go Up This Week? Falling Open Interest Could Set Up Next Big Move

XRP is back above $1.40, a level that has acted as a “magnet” for about a month, but an analyst expects more volatility before a push into the $1.50s. The $1.40 area previously represented the point of control for both the prior week and month, where most trading occurred. After XRP broke above it on Sunday following a strong green candle, the analyst said the move was driven mainly by short sellers closing positions—not a full short squeeze. He points to a bounce from $1.34, and says falling open interest in XRP futures could allow new leveraged trades. Small gaps near $1.39, $1.38 and $1.37 may be retested.