XRP Teeters on Edge as Open Interest Hits Record High

XRP traders are holding their breath—the cryptocurrency has entered a make-or-break zone with open interest soaring to unprecedented levels.

Market watchers are split: bulls see a coiled spring ready to launch, while skeptics mutter about leverage-fueled gambles. Either way, someone’s about to get rich or rekt.

Funny how ’record open interest’ always precedes either champagne celebrations or margin calls—Wall Street’s oldest magic trick.

In brief

• The price of XRP remains stuck despite a surge in derivative contracts.
• Open Interest reaches 5.2 billion, fueling fears of crash or hopes of explosion.
• In January, a similar rise preceded a spectacular jump thanks to strong catalysts.
• This time, speculative momentum seems disconnected from Ripple’s real fundamentals.

The paradox of Open Interest: a crypto crash in ambush?

The word is spreading in crypto circles:In recent days, several signals are worrying. One of them is the collapse of XRP staking, a discreet phenomenon but indicative of a temporary disengagement of users. Added to this is: Open Interest (OI). This indicator, which measures the total value of open derivative contracts, has exploded in recent days to reach.

But beware:. It mainly signals strong tension. Especially in a market without a clear catalyst. The indicator could precede. The price has remained stuck in a narrow range, reinforcing the idea of an upcoming movement. The crypto community is holding its breath.

XRP and volatility: between bullish surge and bearish spiral?

In the crypto universe, afuels both hopes and fears. For XRP, open positions are multiplying. Yet,The “short squeeze” scenario is on everyone’s lips. If short sellers get trapped, a sharp rise could trigger.

But nothing is certain. The— whether an ETF, progress on the XRP Ledger, or clear political support — makes the evolution unpredictable. In the crypto industry, anything can flip., could push XRP into a bearish spiral. We have seen this in the past.

As volume rises, fragility increases. The immediate future of XRP will depend on the project’s ability to reignite institutional interest and reassure the crypto community.

Behind the 5 billion: what XRP’s Open Interest hides

XRP’s Open Interest (OI) has risen to 5.2 billion dollars, but what does this number really hide? Unlike a trend indicator, it does not distinguish long or short positions., revealing intense speculative activity.

In January 2025, XRP had already crossed the 5.4 billion OI mark, then supported byResult: +13% in one weekend. Today, this rising interest is not accompanied by a strong event. The market is looking for direction.

Some key figures:

• Bitget holds 1.26 billion dollars in contracts;
• Binance and Gate.io total 861 and 754 million respectively;
• OI has increased by 31% in two weeks;
• Total derivative volume exceeds 3 billion;
• Options volume has jumped 303%.

The contrast with January is striking. The bullish momentum has given way to waiting. The crypto world now scrutinizes every sign, as a correction or takeoff could happen at any moment.

Meanwhile, another signal is emerging: institutions are turning away from XRP. Solana and Cardano now attract asset managers. This disaffection could limit XRP’s upward potential. Open Interest is rising, but confidence seems to be eroding. For Ripple’s crypto, the future remains full of uncertainties.

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