Binance Traders Fuel XRP’s 21% Surge as Key Support Holds at $2.53

XRP has demonstrated remarkable resilience with a 21% weekly gain, currently trading at $2.58 amid renewed trader confidence. The rebound follows a significant drop in open interest, which plummeted from $1.5 billion to $530 million before recovering, indicating a resurgence in speculative interest. Binance derivatives data highlights accumulating long positions, with analysts pinpointing $2.53 as a crucial support level. Technical analysis now suggests potential upward targets at $3.01 and $4.40, painting a bullish outlook for XRP. This surge underscores growing Optimism among traders and the cryptocurrency’s ability to maintain momentum despite market fluctuations.

XRP Shows Resilience with 21% Weekly Gain Amid Renewed Trader Confidence

XRP has surged 21% over the past week, trading at $2.58 with sustained upward momentum. The rebound follows a drop in open interest, which plunged from $1.5 billion to $530 million before recovering, signaling renewed speculative interest.

Binance derivatives data reveals accumulating long positions, with analysts identifying $2.53 as key support. Technical targets now loom at $3.01 and $4.40, suggesting potential for extended gains if bullish momentum holds.

BNB Price Eyes $700 Breakout Amid VanEck Tokenized Fund Launch

BNB price has surged on bullish sentiment as the BNB Chain partners with VanEck and Securitize to launch VBILL, a tokenized fund offering exposure to U.S. Treasuries. The collaboration signals growing institutional adoption of blockchain technology.

Market momentum suggests BNB could test $700 if current trends hold. The fund will be available on BNB Chain and Avalanche, expanding access to real-world asset tokenization.