XRP Primed for $3.20 Breakout as Futures Open Interest Explodes 30% Toward $5B

XRP traders are loading up for a potential moonshot as derivatives demand surges.

Futures frenzy hits $5B

Open interest in XRP futures contracts just spiked 30%—pushing total commitments toward the $5 billion mark. When this kind of capital floods in, price volatility usually follows.

Target locked: $3.20

The last time XRP saw this level of futures activity, it rocketed 400% in three months. Now traders are betting history repeats as the $3.20 resistance level comes into play.

Of course, Wall Street's algo-trading desks will pretend they saw this coming—right after they finish dumping their bags on retail traders.

This came shortly after Ripple, the company behind XRP, applied for a U.S. banking license. At the same time, the U.S. Securities and Exchange Commission recently gave the green light for Grayscale’s Digital Large Cap Fund (GDLC) to become a spot ETF.

One fact that adds to the momentum is the rise in XRP’s futures open interest (OI), which surged 30% over the last 10 days, hitting $4.75 billion. This was backed by an 11% jump in just the past 24 hours, according to data from CoinGlass. 

When open interest grows while price goes up, it means more traders are joining in, and that’s usually a strong sign. A lot of this new interest seems to be coming from big investors. At this speed, it can easily surpass $5 billion anytime soon.

Currently, the long/short ratio across all exchanges for XRP stands at 68% in favor of longs. This indicates that the majority of traders are expecting the price to increase, but it also increases the risk of long liquidation in case of a steep fall in prices.

Meanwhile, the pattern is similar to what happened when President TRUMP paused tariffs for 90 days. At the time, XRP’s OI jumped from $3 billion to $5.75 billion between April 9 and May 14. In the same stretch, the price surged 65%, from $1.61 to $2.65. Many traders now expect a similar outcome in this breakout.

Moreover, a well-known crypto trader who goes by the name “Best Analysts” has shared a chart on X that shows XRP trading close to the top of a bullish pennant on the daily chart, with a possible target of $3.40. 

Best Analysts chat analysis | Source: X

The pennant formed between December 2024 and July 2025 and had a wide range. The projected target of $3.20 comes from measuring the height of the pennant. This means XRP could rise 40% from its current level if the breakout holds strong.

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