XRP eyes breakout above $1.42 as traders increase long exposure
Key takeawaysXRP is approaching $1.40 after defending short-term support at $1.38.
Futures open interest edged up to 2.24 billion XRP, indicating a modest increase in derivatives exposure.
The open-interest-weighted funding rate remains positive at 0.01%, showing that bullish traders are paying to maintain long positions.
A daily close above $1.42 could open the path toward $1.50 and $1.70.Ripple’s XRP is down 1% on Tuesday, approaching the psychologically important $1.40 level after buyer
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