Ripple's price has been holding steady above key support levels, a sign of continued confidence in the cryptocurrency. According to recent data, the derivatives market is gaining traction, with open interest increasing to $2.71 billion on Friday from $2.58 billion the previous day.
This surge in demand is likely driven by renewed retail and institutional interest in Ripple. As a result, the price appears well-supported, but may be capped by its weekly peak around $1.47.