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XRP news today: XRP Surges 5% as Open Interest Jumps 33%

Coin WorldMonday, May 5, 2025 8:10 pm ET

1min read

XRP has seen a significant rebound in the past month, with its price increasing by nearly 5%. This surge in price has been accompanied by a substantial increase in total open interest, which has risen from $3 billion to $4 billion, marking a 33% increase. This data indicates a renewed enthusiasm among traders for XRP, as they anticipate further gains in the market.

Analysts have also weighed in on the potential for XRP's price to rise. The Cryptonomist, a well-known analyst, predicted that XRP could reach $2.5 after successfully rebounding from a key trend line support. This bullish outlook has further boosted investor sentiment and encouraged XRP holders to explore new opportunities, such as the SAVVY MINING cloud mining platform, to maximize their returns.

Meanwhile, Dogecoin has also been attracting attention due to significant on-chain activity. Whale Alert detected a transfer worth over $109.9 million, which included 350 million DOGE, to an unknown wallet. This large transaction suggests that whales are actively accumulating Dogecoin, which could indicate further gains in the market. The accumulation of Dogecoin by whales has been a notable trend, and it has contributed to the overall bullish sentiment surrounding the cryptocurrency.

For investors looking to capitalize on the potential gains of XRP and Dogecoin, the SAVVY MINING cloud mining platform offers a straightforward and efficient solution. By signing up for an account, users can immediately receive a $15 bonus and choose a mining plan that suits their budget and goals. The platform's AI-driven technology automatically selects the best strategies to maximize profits, and it supports multi-currency mining, including XRP and Dogecoin. Additionally, SAVVY MINING operates on clean energy, ensuring a green and low-carbon mining process. The platform also prioritizes security, with SSL encryption of funds and data encryption to protect user accounts. With over 80 mines worldwide and more than 8 million users, SAVVY MINING has established itself as a leading cloud mining platform.

SAVVY MINING is particularly well-suited for XRP and Dogecoin users due to the liquidity of the market and the convenience of recharging. The platform provides exclusive mining optimization for these two assets, making it an attractive option for long-term mining funds. With the potential to earn significant returns, SAVVY MINING offers a reliable and efficient way for investors to increase the value of their XRP and Dogecoin assets. The platform's user-friendly interface and strong security measures make it an ideal choice for both novice and experienced investors looking to enter the world of cloud mining.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.