XRP Price Rebounds, But Bears Still Control the Trend

The cryptocurrency market has shown early signs of a return to risk appetite, with XRP trading at $1.15 on Tuesday.

However, the bearish trend still prevails, as indicated by the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) histogram.

The increase in perpetual futures Open Interest (OI) to approximately $2.44 billion suggests growing speculative interest, but institutional demand has been muted since the start of the week.