Fun

XRP Open Interest Has Surged 36% In Two Weeks – Is Momentum Building?

News Feed - 2025-03-28 06:03:53

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


XRP is trading above key support levels after several days of intense volatility driven by macroeconomic concerns and mounting trade war fears. Since March 11, XRP has jumped more than 35%, showing signs of renewed strength as bulls attempt to reclaim higher price levels and ignite a fresh rally. The move comes at a time when broader altcoin sentiment remains fragile, with no clear direction for the market in the weeks ahead. Related Reading Ethereum Reclaims Realized Price – Bulls Face Strong Resistance At $2,300 1 day ago


Despite the uncertain landscape, XRP’s recent price action has caught the attention of traders and analysts alike. One of the more notable developments is the sharp rise in capital flowing into XRP futures. According to on-chain data from Glassnode, total capital allocated to XRP futures contracts has surged 36% in just two weeks. This increase in open interest points to rising trader confidence and suggests that many are positioning for more upside.


Still, macro headwinds and technical resistance levels pose challenges. For XRP to maintain momentum, bulls must hold current levels and continue pushing toward key breakouts. With volatility likely to remain high, all eyes are on XRP’s next move as market pressure continues to mount. XRP Bulls Eye Breakout Amid Market Uncertainty


XRP is at a pivotal moment, with price action showing early signs of strength that could lead to a major breakout — if bulls manage to reclaim key levels. After a 35% surge since March 11, the token now faces strong resistance zones that could either trigger a powerful rally or confirm investor fears of a bull trap. The broader market context only adds to the uncertainty.


Since late January, financial markets — including crypto — have been shaken by growing trade war concerns and erratic policy signals from U.S. President Donald Trump. This instability has made traders more cautious, with many questioning whether current altcoin gains can be sustained. Selling pressure remains a threat, and failure to hold support levels could quickly reverse recent progress.


Despite these concerns, XRP’s on-chain and derivatives data suggest that bullish momentum is building. Top analyst Ali Martinez shared on X that the total capital allocated to XRP futures contracts has surged 36% in just two weeks, rising from $2.12 billion to $2.89 billion. This spike in open interest reflects increased confidence from traders and suggests that many are positioning for further upside. XRP Futures Open Interest | Source: Ali Martinez on X


However, confirmation is still needed. XRP must reclaim critical resistance zones and sustain its gains to avoid a deeper pullback. Related Reading Solana Tags Upper Bollinger Band For First Time Since ATH — Is Momentum Returning? 1 day ago Bulls Defend Key Support At $2.25


XRP is currently trading at $2.35 after several days of failed attempts to break above the $2.60 resistance level. This price zone has proven difficult to overcome, with repeated rejections keeping the bullish momentum in check. For XRP to initiate a strong upward move, bulls must reclaim $2.60 with conviction — a breakout that could trigger a surge toward the upper boundary of its current range. Price testing mid-range liquidity | Source: XRPUSDT chart on TradingView


On the higher timeframe, XRP remains locked in a clear weekly range between the $2 support level and the $3.40 resistance. This range has defined price action for weeks, and traders are closely watching for a breakout in either direction. The $2.60 level sits just below the mid-range, making it a critical point for bulls to reclaim in order to gain control of the trend. Related Reading Ethereum Accumulation Is Almost Over – Breakout Above $2,200 Could Trigger Expansion Phase 2 days ago


However, if bulls fail to hold the $2.25 support zone, a move back toward the bottom of the range is likely. A breakdown below $2.25 could open the door for a retest of the $2 level — a key psychological and structural support. Until then, XRP’s next major move hinges on whether buyers can push past resistance or fold under renewed selling pressure.


Featured image from Dall-E, chart from TradingView 

News Feed

Despite 2 Entities Holding 73% of the FTX Token Supply, FTT Price Still Holds Above $1 per Unit
Despite 2 Entities Holding 73% of the FTX Token Supply, FTT Price Still Holds Above $1 per Unit While a large fraction of crypto assets dropped a great deal in value during the pas
Russian Billionaire and Crypto Businessman Dies in Helicopter Crash in France
Russian Billionaire and Crypto Businessman Dies in Helicopter Crash in France Russian financier and cryptocurrency entrepreneur Vyacheslav Taran has been killed in a helicopter cra
Worldcoin launches its own ‘human-centric’ blockchain network
Savannah Fortis9 hours agoWorldcoin launches its own ‘human-centric’ blockchain networkWorldcoin introduces World Chain, a new blockchain initiative designed to prioritize human users, enhance efficiency and foster r
Bitcoin breaks ATH against a dozen currencies as BTC price breaches $59K
Prashant Jha12 hours agoBitcoin breaks ATH against a dozen currencies as BTC price breaches $59KThe new BTC ATH against several fiat currencies shows their declining market value due to rising inflation.7621 Total views1
Ray Salmond11 hours agoIman Europe and The Agenda chat mental health, music, Web3 and The Homies DAOMusician and The Homies DAO founder Iman Europe sat down with The Agenda podcast to discuss how her Web3-based project p
The Red Village Announces $6.5M Seed Round Led by Animoca Brands and GameFi Ventures Fund
The Red Village Announces $6.5M Seed Round Led by Animoca Brands and GameFi Ventures Fund press release PRESS RELEASE.3 June, 2022 — Sydney, Australia:Play-and-
Saudi Arabia plans $40B AI investment fund overseen by a16z: Report
Brayden Lindrea9 hours agoSaudi Arabia plans $40B AI investment fund overseen by a16z: ReportIf the $40 billion fund goes ahead, it would make Saudi Arabia the largest investor in the AI space.3668 Total views18 Total sh
Fidelity files S-1 application with US SEC for spot ETH EFT with staking
Derek Andersen6 hours agoFidelity files S-1 application with US SEC for spot ETH EFT with stakingStaking rewards could create a taxable event for shareholders and introduce new risks associated with the fund.2709 Total v
Securing your crypto funds: Exchanges add support for hardware 2FA
Rachel Wolfson10 hours agoSecuring your crypto funds: Exchanges add support for hardware 2FAAs phishing attacks rise, crypto exchanges tell users to keep their funds safe by using YubiKey devices and Passkeys, along with
Bitcoin, Ethereum Technical Analysis: ETH Selloff Intensifies Heading Into the Weekend
Bitcoin, Ethereum Technical Analysis: ETH Selloff Intensifies Heading Into the Weekend ETH was trading lower for a third straight session on Friday, as prices neared an 11-month lo
ARK buys $21M of 3iQ Ether staking ETF, dumps $14.6M of Coinbase stock
Helen Partz11 hours agoARK buys $21M of 3iQ Ether staking ETF, dumps $14.6M of Coinbase stockCathie Wood’s ARK has resumed active trading of crypto-related stocks like Coinbase, 3iQ Ether staking ETF, Robinhood and its
Tom Blackstone2 hours agoNew Optimism wallet lets users receive crypto via Twitter loginBeam wallet uses Web3Auth and account abstraction to allow for seedless accounts, stablecoin gas payments and other user experience