XRP Resilience: Will It Maintain Bullish Momentum After Recent Pullback?

• XRP remains resilient, holding above critical levels despite recent market volatility.
• Support near the 50-day and 100-day EMAs may lead to a future price surge.
• Positive futures market indicators suggest growing institutional commitment to XRP.

Despite market fluctuations, XRP remains stable with strong support around it. As of press time, XRP is trading at $2.27, and it has gone up by 0.85% during the past 24 hours. The price increased strongly at the start of March but soon fell again after passing through some important moving averages.

XRP Derivatives Market Shows Strong Bullish Signals

In the derivatives market, XRP shows signs that add strength to the idea of a bullish trend. According to CoinGlass, the daily trading volume has gone up to $5.27 billion by 26.64%, and open interest rose by 5.25% to $4.27 billion. Such high numbers indicate countries are becoming more interested and are investing for the long term. 

The amount of long positions on major exchanges like Binance and OKX is overwhelming, showing that both individuals and institutions support the market. The OI-weighted funding rate has been positive at 0.0106. This …

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