XRP futures OI jumps 30% as price chart ‘pennant’ targets $3.20

XRP’s price breaks out of a “pennant” with a profit target of around $3.20 amid increasing futures open interest.

Key takeaways:

XRP breaks out of a  “pennant” on the weekly chart, hinting at 40% gains to $3.20.

Several positive developments and increasing open futures open interest signal XRP’s ability to break out of consolidation.

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