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

Coin WorldSunday, May 4, 2025 9:12 am ET

1min read

XRP has seen a significant rise in the past month, with its price increasing by nearly 5%. This surge in value has drawn considerable attention from investors, who are eager to capitalize on the cryptocurrency's potential. The total open interest in XRP has also increased from $3 billion to $4 billion, indicating a 33% rise and reflecting a renewed enthusiasm among traders.

Analysts have also weighed in on XRP's prospects. The Cryptonomist, a well-known analyst, predicted that XRP could reach $2.5 if it successfully rebounds from its key trend line support. This optimistic outlook has further boosted investor confidence and encouraged XRP holders to explore new opportunities, such as the SAVVY MINING cloud mining platform.

Meanwhile, Dogecoin has also been making waves in the crypto market. On-chain data reveals that whales are actively accumulating DOGE, with a recent transfer of over $109.9 million, including 350 million DOGE, detected by Whale Alert. This transfer to an unknown wallet suggests that the market may be poised for further gains, as large investors continue to show interest in the cryptocurrency.

For those looking to maximize their earnings from XRP and DOGE, the SAVVY MINING platform offers a straightforward solution. Users can sign up for an account, choose a mining plan based on their budget and goals, and start earning income automatically. The platform supports multi-currency mining, including XRP and DOGE, and provides AI-driven strategies to maximize profits. Additionally, SAVVY MINING operates on clean energy, ensuring a green and low-carbon mining process.

SAVVY MINING's security features, including SSL encryption of funds and data encryption, provide users with peace of mind. The platform's strong global presence, with over 80 mines worldwide and more than 8 million users, further solidifies its reputation as a reliable and efficient cloud mining solution. Users can also earn referral rewards by inviting friends to join the platform, with a permanent 4.5% reward, up to $10,000.

According to the analyst's forecast, 21% of users on the SAVVY MINING platform can earn $58,800 per day. This highlights the potential for significant returns on investment for those who choose to participate in cloud mining through SAVVY MINING. The platform's user-friendly interface and comprehensive support for multiple cryptocurrencies make it an attractive option for both novice and experienced investors.

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.