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

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

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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 

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