Bitget Analysts Eye XRP Short Squeeze as Open Interest Nears $5B

XRP is capturing significant attention in the cryptocurrency derivatives market as open interest surges to nearly $5 billion, indicating heightened speculative activity. According to Bitget chief market analyst Ryan Lee, this spike in open interest signals strong potential momentum, with traders anticipating a decisive price movement. Currently trading around $2.20, XRP is consolidating within a tight range—a technical setup often preceding breakouts. Market participants are closely watching for a possible short squeeze, which could fuel a sharp rally. The growing derivatives activity and bullish technical structure suggest XRP may be on the verge of a significant price surge, with Bitget analysts highlighting the token’s upside potential.

XRP Price Boom in Crosshairs as Traders Expect Short Squeeze Fueled Rally

XRP’s open interest has surged to nearly $5 billion, signaling heightened speculative activity as traders take sizable positions in the derivatives market. Bitget chief market analyst Ryan Lee notes this spike suggests strong potential momentum, with market participants bracing for a decisive move.

The token trades around $2.20, confined to a tight consolidation range—a technical precursor to breakouts. Consistent spot buying pressure adds to the bullish sentiment. Historically, similar setups in XRP have triggered rapid rallies, catching short sellers off guard and fueling short squeezes.

Yet the direction of the next major MOVE remains uncertain. Elevated open interest could amplify volatility, warns Lee, with traders at risk of large-scale liquidations if sentiment sours. A bullish surge may trigger a short squeeze, while profit-taking or macro-driven headwinds could spark sharp reversals.

XRP Price Prediction & Analysis: Bulls Circle as Technical Patterns Point to Rally

XRP’s open interest has surged to nearly $5 billion, signaling heightened speculative activity in derivatives markets. The token currently trades around $2.20, forming a tight consolidation pattern that typically precedes significant breakouts.

Technical analysts note the $2.20 level as critical resistance, with a confirmed breakout potentially triggering accelerated buying. Ryan Lee of Bitget observes, "The derivatives market is positioning for decisive movement, though the direction remains contested."

Market participants face competing scenarios: the high open interest could fuel either a short squeeze rally or cascading liquidations, depending on which way the consolidation resolves. Oversold conditions on some indicators suggest latent bullish potential waiting for confirmation.