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XRP Open Interest Surges 42%: Bullish Accumulation and Neutral Funding Rates Signal Strength

XRP Open Interest Surges 42%: Bullish Accumulation and Neutral Funding Rates Signal Strength

Author:
XRP News
Published:
2025-05-17 06:59:11
21
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[TRADE_PLUGIN]XRPUSDT,XRPUSDT[/TRADE_PLUGIN]

XRP’s open interest has surged by 42%, indicating renewed speculative confidence as Ripple’s token demonstrates technical resilience. Binance futures data shows aggressive sell orders being absorbed, hinting at underlying accumulation by bullish investors. Despite the rebound in open interest, funding rates remain neutral, reflecting a rare balance between speculation and market stability. This combination of Leveraged positions and strong price action suggests potential upward momentum for XRP, which is currently trading at 2.37520000 USDT.

XRP Open Interest Surges 42% Amid Speculative Rally Signs

XRP’s open interest skyrocketed 41%, signaling a resurgence of speculative confidence as Ripple’s token shows technical strength. Binance futures data reveals aggressive sell orders being absorbed, suggesting underlying accumulation by bulls.

Funding rates remain neutral despite the open interest rebound, presenting a rare equilibrium between speculation and market stability. The combination of leveraged positions and robust price structure hints at potential for sustained upward momentum if key support levels hold.

Market observers note this mirrors historical patterns where neutral funding rates preceded major XRP rallies. The derivatives activity suggests sophisticated players are positioning for a possible trend reversal.

XRP Price Update: Surging Open Interest Sends XRP Toward $3 Breakout

Speculative interest in XRP has surged to levels not seen since the post-inauguration rally, with $2.1 billion in open interest fueling bullish price forecasts. The cryptocurrency’s 20% weekly climb solidifies its escape from a five-month downtrend, reigniting its position in the "best crypto to buy" conversation.

Better-than-expected US inflation data and a US-China trade agreement have revived risk-on sentiment, drawing fresh retail liquidity into the market. Analysts note that XRP futures data on Binance reflects a resurgence in speculation, with current levels paralleling the early stages of the post-election rally at $940 million.

XRP Rallies 21% Amid Growing Spot Market Demand, But Derivatives Data Hints at Pullback

Ripple’s XRP surged 21% weekly, mirroring broader crypto market gains, with a 3.43% rise in the last 24 hours. Spot market demand shows consistent weekly growth, creating potential runway for continued upside.

Derivatives tell a contrasting story. CryptoQuant data reveals a taker buy/sell ratio of 0.9361 - below the neutral threshold - signaling dominant selling pressure. Yet prices remain resilient as buyers absorb the sell-side liquidity.

The divergence between spot accumulation and derivatives activity suggests looming volatility. While bullish momentum persists, clustered sell orders could trigger short-term retracements before continuation.

XRP Price Prediction: $36 Target as 3-Month Chart Turns Bullish

XRP’s price trajectory is gaining bullish momentum, with technical indicators suggesting a potential breakout. Crypto analyst Dark Defender forecasts a rally to $36, citing a critical resistance trendline breach on the three-month chart.

The chart analysis reveals XRP has overcome a multi-year resistance level dating back to its 2018 peak. This structural shift signals the possible end of a prolonged bearish phase, with the El... [analysis truncated]

XRP Must Hold $2.50 to Sustain Rally Toward $4.2, Analyst Says

Crypto analyst Egrag Crypto has identified $2.50 as the critical support level XRP must maintain to continue its bullish trajectory toward $4.20. The altcoin recently breached this threshold, reaching a confirmation target of $2.65, signaling potential upward momentum.

Failure to hold above $2.50—or at minimum, $2.42—could jeopardize the rally. A deeper fallback to $2.20 WOULD then become the decisive macro support level to preserve bullish sentiment. Egrag’s analysis underscores the narrow margin for error in XRP’s path to a new all-time high.

Ripple President Engages UAE Officials on Digital Payment Infrastructure at Dubai Fintech Summit

Ripple President Monica Long met with UAE officials during the Dubai Fintech Summit, focusing on advancing digital payment systems and financial innovation in the region. The event drew over 9,000 global attendees, including CEOs, policymakers, and fintech leaders from 120 countries.

Key discussions centered on collaboration opportunities for expanding payment infrastructure. His Highness Sheikh Ahmed bin Saeed Al Maktoum of Emirates Airlines held sideline meetings with executives from Kotak Mahindra Bank, Ripple, and Bolt to explore synergies.

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