XRP open interest is rising sharply, reaching close to $3 billion, as traders anticipate a potential breakout past $3. Despite recent resistance at this key price level, market participants continue adding leveraged positions. However, trading volume has dropped, signaling a reduction in momentum amid growing speculative activity.
XRP open interest surged again this week, nearing $3 billion, according to CryptoQuant’s latest data shared on Monday. This increase reflects renewed trader confidence, following a brief period of declining interest at the end of September. On September 25, XRP open interest had fallen to $2.34 billion as prices dipped.
Since then, XRP rebounded by 9%, from $2.74 to a current price of $2.99, attracting more leveraged positions. This jump in XRP open interest signals increased speculation despite the price remaining below its resistance level. With more funds entering the futures market, XRP is regaining attention among derivatives traders.
Moreover, market analysts view the consistent rise in XRP open interest as a sign of trader optimism. “XRP is preparing for a strong move,” noted analyst CasiTrades, projecting a possible rise to $4.5. Still, the market must clear the psychological and technical $3 hurdle first.
🚨 All Eyes on XRP's Final Low Before Wave 3! 🚨
After a heavy rejection at the $3.00 resistance, $XRP has lost its major .5 fib support at $2.79 and even came back up to test it as resistance. The rejection was sharp and the RSI is reflecting strong selling pressure. This… pic.twitter.com/JX41C2sEPj
— CasiTrades 🔥 (@CasiTrades) September 25, 2025
While CryptoQuant places XRP open interest at $2.92 billion, Coinglass reports a significantly higher figure of $8.94 billion. This gap stems from differences in data coverage, as Coinglass includes broader market sources, including CME. In contrast, CryptoQuant focuses on major retail exchanges.
The higher number from Coinglass further confirms the increasing participation of traders in XRP markets. It highlights that XRP is becoming increasingly attractive to both retail and institutional investors. Despite this, the XRP price has failed to hold above $3 after repeated attempts.
Bears continue to reject the breakout, pushing XRP lower each time it nears the resistance level. This consistent rejection suggests the $3 mark remains a critical threshold. Until broken, XRP might remain range-bound despite the high XRP open interest.
Despite the rise in XRP open interest, daily trading volume declined by 11% to $5.76 billion in the last 24 hours. This drop suggests weakening market participation, even as leveraged bets increase. Such divergence often points to short-term uncertainty.
Technical analysts remain divided on what the next steps will be. Mikybull, a chart analyst, believes XRP is entering its final bullish wave. He projects a potential rally to as high as $21, with conservative targets ranging from $6 to $10.
Maxwell is a crypto-economic analyst and blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.
Planning for Q4 has thrown much of the crypto market into a frenzy, as many…
Never Miss Another Opportunity.
Get hand selected news & info from our Crypto Experts so you can make educated, informed decisions that directly affect your crypto profits!
Type above and press Enter to search. Press Esc to cancel.
BC Game Crypto: 100% Bonus & 400 Free Casino Spins, Claim Here!