XRP Explodes 40 Percent in Seven Days: Now the $1.50 Mark Counts

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.XRP jumps 40 percent in a week to $1.40, its highest level since May. Open interest, funding and the long-short ratio show how much fuel the rally has left and which levels count over the weekend.XRP trades at $1.40 at the time of writing, up 6.8 percent over 24 hours. That puts the price back above the $1.40 mark for the first time since May 18. All price data in this article comes from CoinMarketCap and Binance's public futures interfaces, as of August 21, 19:15 CEST.XRP price in US dollars, daily closes over the past 90 daysThe daily move is the smallest number here. Exactly one week ago, on August 14, XRP closed at $0.998. From there to today is a good 40 percent. Over the week, XRP beats Bitcoin at roughly 23 percent and Ethereum at roughly 28 percent, and by a wide margin.At the start of the week it looked like something else entirely. For eight days running the price clung to the $1 mark, and on August 16 we set out why everything hung on that support. The breakout then c...