Binance Sees $730M XRP Open Interest as Traders Eye $4 Breakout

XRP is capturing significant market attention as derivatives data and technical indicators suggest a potential major upward movement. With Binance’s open interest surging to $730 million, traders are closely watching for a breakout towards the $4 mark. Despite some seller dominance, the price remains stable, indicating strong absorption of selling pressure.

XRP Price Eyes $4 Breakout Amid Surging Open Interest and Technical Strength

XRP’s market trajectory is drawing heightened attention as derivatives data and chart patterns signal potential for a major upside move. Open interest on Binance surged to $730 million this week, reflecting renewed speculative interest in the token. Despite a taker buy/sell ratio of 0.91 indicating seller dominance, price stability suggests efficient absorption of selling pressure.

The technical landscape turned decisively bullish when XRP broke out from a falling wedge formation, accompanied by a 20% weekly gain that pushed prices from $2.00 to $2.60. Market structure now appears conducive for testing the psychologically significant $4.00 level, a threshold not seen since the 2021 bull market.

Rose Premium’s technical analysis confirms the breakout’s validity, while balanced leverage across derivatives markets reduces the risk of violent liquidations. The combination of growing trader engagement, favorable chart patterns, and stable funding rates creates an unusually constructive setup for XRP’s next leg higher.

Is Pepe Coin Rally Over? Whale Activity and Technical Charts Signal Caution

Pepe Coin’s recent 100% rally shows early signs of fatigue as whale activity and technical patterns hint at a potential reversal. Transactions exceeding $100,000 peaked at 720 on May 12, coinciding with PEPE’s all-time high of $0.000015—a classic sign of profit-taking by large holders.

Futures markets reveal heightened speculation, with Open Interest nearing $584 million. Binance traders remain overwhelmingly long at 72%, creating vulnerability to a liquidation cascade. The emerging double-top pattern suggests a 25% decline to $0.00001063 if critical support at $0.00001274 fails.

While retail enthusiasm persists, the convergence of on-chain data and chart analysis paints a cautious picture. Market structure now resembles previous altcoin tops where whale distribution preceded sharp retracements. The coming days will test whether PEPE’s meme magic can defy typical crypto market cycles.