Open interest and on-chain activity boost momentum, but NVT raises caution.is currently drawing bullish attention from both retail and institutional investors. At press time, XRP was trading at $0.5421, up 1.93% in the last 24 hours. With crowd sentiment sitting at 0.07 and smart money at 0.74, optimism is building around the possibility of the altcoin breaking through key resistance levels and continuing its upward trend.
Therefore, the market is neither overbought nor oversold. Consequently, traders could see this as a setup for a breakout. If bullish momentum holds, a rise above $0.5445 could propel XRP further.Source: TradingView Additionally, growing network engagement often correlates with stronger price action, making this a positive sign for near-term prospects.Additionally, XRP’s open interest has risen by 1.95% in 24 hours, reaching $714.94M at press time. Rising open interest suggests increased trader participation and market confidence.