{"content":"XRP’s Comeback Story 🚀 — Breakout Signals Bullish Revival XRP reaches $2.70, reflecting continued cryptocurrency market risk-taking. XRP futures demand rises as Open Interest exceeds $4.5 billion. Riskier assets like XRP may profit from Wednesday's Federal Reserve rate decrease of 25 basis points. Ripple (XRP) rises alongside Bitcoin (BTC) and Ethereum (ETH) on Tuesday, trading over $2.65. Over the last week, interest in the cross-border remittance token has calmed, encouraging investors to evaluate new options after the October 10 deleveraging event. Retail demand boosts XRP. On Tuesday, XRP futures Open Interest averaged $4.51 billion, indicating rising retail interest. CoinGlass data shows that OI, which tracks the notional value of outstanding futures contracts, fell to $3.49 billion on October 19, the lowest level since late April, as risk-off sentiment spread across the cryptocurrency market amid macroeconomic uncertainty and the US-China trade standoff. The OI-Weighted Funding Rate dropped to 0.0055% on Tuesday from 0.0093% the day before, thus prudence is urged. The $4.51 billion rise in futures OI does not boost investor confidence in XRP's comeback. In other words, traders are amassing short positions, presumably expecting another sweep at the crucial $2.18 support last hit on October 17. Technical outlook: Profit-taking slows XRP advance On the 4-hour chart, XRP is above the 200-period Exponential Moving Average (EMA) at $2.65 but below the supply region of $2.69. Support comes from a declining trendline just below the 200-period EMA. Confluence support occurs around $2.55 when the 50- and 100-period EMAs converge. If the slide accelerates, traders will watch $2.32, last tested Wednesday, and $2.18, tested October 17. If sentiment improves this week, supported by the US Federal Reserve (Fed) interest rate decision, XRP might break $2.70. The Fed is 96.7% likely to decrease rates by 25 basis points, bringing the benchmark to 3.75% to 4.00%, according to CME Group experts. #xrp #WriteToEarnUpgrade #MarketPullback #TrumpVsMusk $XRP ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025102025/10/29/2f3a1b8ee1825e78bd603e2f20d9064b.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}