XRP Open Interest Resets to Early 2024 Levels, Signaling Potential Breakout

Technical indicators further support this outlook. Xaif Crypto observes a solid rebound from the ascending channel support on the weekly chart, a key level that has held multiple times in 2025. This bounce demonstrates underlying demand, even as futures open interest contracts. The chart pattern, characterized by higher lows since early 2024, suggests XRP is embedded in a structural uptrend, with potential targets above $3.00 if resistance at $2.80 breaks.

Market sentiment, as reflected in social media discussions and analyst reports, leans cautiously optimistic. Platforms like X show increased mentions of XRP open interest reset alongside breakout predictions, though experts urge caution against over-leveraging. Regulatory developments, including Ripple‘s ongoing efforts in cross-border payments, continue to bolster XRP’s utility, potentially attracting institutional interest that could amplify spot buying.

Frequently Asked QuestionsWhat Causes an XRP Open Interest Reset to Early 2024 Levels？

An XRP open interest reset occurs when traders close leveraged positions due to market corrections or profit-taking, reducing total outstanding contracts below $200 million as seen on Binance. This mirrors early 2024 conditions when speculation waned, leading to a stable base for later growth. Data indicates such resets often precede rallies by flushing weak hands.

Is XRP Poised for a Price Breakout After This Open Interest Drop？

Yes, the XRP open interest drop to early 2024 levels, combined with price stability above $2.60, sets up favorable conditions for a breakout. Analysts like CryptoRus point to similar May 2025 patterns that drove surges to $3.50. Sustained spot demand and low leverage could propel XRP higher if broader market liquidity improves.

Key Takeaways

• XRP Open Interest Reset: Fallen below $200 million on Binance, echoing early 2024 lows and indicating deleveraging of speculative trades.
• Price Stability: XRP holds above $2.60 despite futures contraction, highlighting strength from long-term holders and spot accumulation.
• Breakout Potential: Historical data shows resets like this often lead to rallies; monitor ascending channel support for confirmation of uptrend continuation.

Conclusion

The XRP open interest reset to early 2024 levels marks a pivotal moment in its derivatives market, with implications for future price action amid steady trading above $2.60. As leverage diminishes, strong holders gain prominence, potentially paving the way for a major breakout similar to past cycles. Investors should track technical supports and liquidity inflows closely, positioning for opportunities in this evolving cryptocurrency landscape.