XRP Surges Amid Derivatives Market Interest

XRP has surged past the $3 mark for the first time in seven years, driven by a significant increase in interest from the derivatives market and positive investor sentiment following Donald Trump's election. This rally is supported by a 300% increase in open interest for XRP futures, nearing $8 billion, with Bitget as the leading trading platform. Despite the bullish momentum, technical indicators like the RSI suggest a potential correction. Legal developments, including an ongoing SEC lawsuit, remain a critical factor in XRP's future price movements. Analysts predict XRP could reach between $4 and $10, especially if the Ripple-SEC lawsuit is resolved favorably. The rise in meme coin activity on the XRP Ledger and potential approval of XRP ETFs are also contributing to the increased interest and trading volumes.