Bitrue Says XRP Should Already Be At $10, Traders Are Betting It Gets There

Crypto exchange Bitrue claims XRP should be valued at $10 versus its current $1.42 price, while derivatives data shows increasing long positions despite recent price weakness. XRP's futures open interest jumped 7% to $2.6 billion, suggesting traders are betting on recovery rather than further decline.

• →Bitrue values XRP at $10, over 7x its current $1.42 price, implying a $610 billion market cap.
• →XRP futures open interest increased 7% to $2.6 billion despite a 4% weekly price drop.
• →Long positions are increasing while short positions remain flat, indicating bullish sentiment among derivatives traders.
• →Technical analysis suggests potential downside to $1.12 or $0.87 before any major upward move.
• →Missouri's move to designate XRP as an official reserve asset adds institutional credibility.