XRP rose 2% on Friday, rallying against the broader market, following a previous day of $6.08 million in ETF net outflows, with derivatives trading activity surging. Trading volume skyrocketed 35% to $4.45 billion, while open interest grew 9.37%, indicating fresh capital inflows. Options trading volume exploded 1208% to $6.05 million, signaling bullish new positions in the market, corroborated by $2.37 million in short covering over 24 hours. Price is currently testing the upper Bollinger Band at $1.4346, with the $1.38 Bollinger Band providing support, but if it breaks below $1.59, the overall trend remains bearish.

XRP-0.35%
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