XRP Trades Higher Tuesday Morning—Will Crypto Repeat Bullish Breakout Of 2017?
Posted On May 20, 2025
XRP (CRYPTO: DOGE) traded higher in the early hours of Tuesday, despite a pullback from intraday highs.
What happened: The fourth-largest cryptocurrency by market capitalization spiked over 2% in the last 24 hours, outgaining market heavyweight Bitcoin (CRYPTO: BTC) and meme coin giant Dogecoin (CRYPTO: DOGE)
XRP tapped $2.40 Monday night but was soon met with resistance, causing it to dip back to $2.35.
The derivatives market also got heated, with Open Interest in XRP futures and options rising 2.25% in the last 24 hours, according to Coinglass. Additionally, over 75% of Binance traders with open XRP positions were leveraged long as of this writing, suggesting continued upside.
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