Ripple's Price Remains Constrained Despite Growing Investor Interest

Ripple's price has been trading below $1.50 despite growing demand from both retail and institutional investors. This discrepancy is evident in the derivatives market, where futures Open Interest (OI) reached a three-month high of $3.01 billion on Tuesday.

The increase in OI is significant, as it represents a 30% climb from its yearly low of $2.11 billion recorded in early March. This surge in investor interest may be reflected in the market sentiment, which has been steadily improving according to the Crypto Fear & Greed Index.

While Ripple's price remains below key resistance levels, including the 100-day EMA at $1.50 and the 200-day EMA at $1.71, the technical analysis suggests that it is still holding above support levels. A daily close above $1.50 would open the way toward further gains.