- XRP Open Interest surged 41%, revealing a strong wave of speculative confidence behind Ripple’s breakout and trend reversal.
- Neutral Funding Rates and absorbed sell pressure suggest bulls may be quietly building for a sustained rally.
Ripple [XRP] showed signs of renewed bullish momentum, supported by a surge in leveraged positions and strong technical structure.
Binance futures data revealed that aggressive sell pressure is being steadily absorbed, hinting at quiet accumulation beneath the surface.
Meanwhile, XRP Open Interest (OI) has rebounded sharply, and Funding Rates (FR) remain neutral, indicating balanced sentiment despite growing speculation.
This combination sets the stage for a potential sustained rally if key support levels continue to hold.
XRP Open Interest climbs sharply as conviction returns
Futures OI on XRP surged by over $1 billion in the last week, rising from $2.42 billion to $3.42 billion — a 41.6% increase.
This aggressive spike reflects renewed directional conviction, as it coincided with a price rebound from $2.14 to $2.48.
Naturally, this reflects growing directional conviction. However, when OI rises without a spike in FR, the risk of overcrowded longs increases.
Still, at this stage, traders appear to be positioning for sustained upside.
Breakout confirmed, but can bulls maintain momentum?
XRP has broken out of a descending channel that had capped price action since March.
The altcoin was holding above the crucial $2.38 level, which previously acted as resistance and now serves as support.
Fibonacci projections identify $2.82, $3.01, and $3.38 as the next upside targets if bulls maintain control. However, the Stochastic RSI is currently hovering above 98, suggesting overbought conditions. Therefore, a short-term retracement could occur if momentum stalls.
Despite this risk, the absence of any major resistance clusters ahead provides bulls with an open path. The structure remains bullish as long as XRP stays above $2.38.
Failure to hold this level could invite renewed selling pressure and invalidate the breakout. Traders should therefore watch price behavior around this zone closely, especially in relation to leverage activity.
Funding Rate signals indecision beneath the surface
Despite the leverage surge, XRP’s OI-weighted FR stood at +0.0128%. That neutrality implies no lopsided positioning just yet.
Therefore, the market remains in a delicate balance — one where aggressive longs could still face a squeeze if sentiment flips.
On the other hand, neutral funding also allows room for healthy continuation, as excessively long bias has not yet formed.
Will XRP hold $2.38 and push higher?
Ripple’s technical breakout and sharp rise in OI reflect growing trader conviction and bullish momentum. The move above $2.38 marks a critical shift in market structure, and holding this level is key to sustaining the rally.
However, the Stochastic RSI remained in overbought territory, and FR are still neutral, signaling a potential tug-of-war between bulls and bears.
If buyers continue to absorb selling pressure and maintain control above support, a push toward $3.00 becomes increasingly likely.
