XRP Frenzy: Surging Open Interest and Price Rally Signal Strong Market Confidence
XRP’s market momentum is reaching new heights as its price climbs to $2.61, marking a 22% weekly gain. Traders are flooding futures markets, with open interest skyrocketing 42% in just seven days to reach $3.42 billion. This surge signals strong conviction in further upside potential, as fresh capital enters the market. Glassnode data highlights that the $1 billion open interest surge coincided with XRP’s breakout above key resistance levels. As of now, XRP is trading at 2.31520000 USDT, showcasing sustained bullish sentiment among investors.
XRP Frenzy Builds as Open Interest Surges Over $1 Billion
XRP’s market momentum is accelerating, with its price climbing to $2.61—a 22% weekly gain—as traders flood futures markets. Open interest skyrocketed 42% in seven days, reaching $3.42 billion, signaling strong conviction in further upside.
The simultaneous rise in price and Leveraged positions suggests fresh capital entering the market. Glassnode data reveals this $1 billion open interest surge coincided with XRP’s breakout above $2.1, creating palpable tension for a major move.
XRP Surges Above $2.5 as On-Chain Volume Hits $1.8B
XRP has surged past the $2.50 mark, buoyed by a dramatic increase in on-chain activity. Over 720 million XRP tokens changed hands within a 24-hour window, pushing total transaction volume beyond $1.8 billion on May 13. This spike underscores mounting investor confidence as the cryptocurrency market continues its bullish trajectory.
The asset now trades around $2.55, stabilizing above the psychologically critical $2 threshold despite a minor 0.94% dip. With a weekly gain of 20.48%, XRP is outpacing most major cryptocurrencies, reinforcing its position as the third-largest by market capitalization.
Historical patterns suggest such volume surges often precede significant price rallies. The current momentum indicates a potential consolidation above $2.50, with traders eyeing higher resistance levels. Market participants are now watching for signs of sustained demand to validate the breakout.
XRP Price Pulls Back but Holds Support — Bulls Still in the Game
XRP extended its rally above $2.60 before undergoing a corrective pullback, with traders now watching the $2.48 level as critical support. The digital asset remains firmly above its 100-hour moving average, suggesting underlying strength despite the recent dip.
A breach below the bullish trend line at $2.55 on the XRP/USD hourly chart (Kraken data) has introduced short-term caution. Market sentiment mirrors Bitcoin and Ethereum’s recent upward trajectories, with XRP bulls demonstrating resilience after defending the $2.42 support zone earlier this week.
The $2.65 resistance test indicates lingering buying pressure. Traders anticipate another leg up if the $2.48 floor holds, potentially reigniting momentum toward yearly highs.
Ripple Price Rally Stalls Amid Liquidation Surge and Declining Network Growth
XRP’s upward momentum faltered as prices retreated from a Wednesday peak of $2.65, with long liquidations exceeding $8.44 million within 24 hours. The pullback coincides with concerning metrics from the XRP Ledger, where dwindling new address creation signals weakening network adoption.
Despite earlier gains fueled by improved US-China trade relations, the cryptocurrency now faces headwinds at the $2.51 level. Market observers note the failed attempt to breach the $3.00 psychological barrier exposes underlying fragility in the recent rally.
The divergence between macroeconomic tailwinds and chain-specific metrics presents a complex outlook. While broader crypto markets benefit from risk-on sentiment, XRP’s proprietary network data suggests localized demand erosion that could prolong consolidation.
XRP Faces Price Decline Amidst Volume Drop, Signaling Potential Trend Reversal
Ripple’s XRP fell 3.98% to $2.47, retreating from a recent high of $2.57 as trading volume dropped 6.8% to $4.87 billion. The simultaneous decline in both metrics suggests waning investor interest, potentially foreshadowing a broader trend reversal despite XRP’s 12.81% weekly gain.
Market capitalization now stands at $144.5 billion as altcoins show mixed performance. Helium, Monero and UNUS SED LEO emerged as top gainers, while Pi Network and Brett (Based) led losers.
XRP Faces Critical Test as Momentum Weakens After Breakout
XRP’s rally shows signs of exhaustion as it approaches a potential reversal zone. The asset’s breakout above a descending trendline on the 4-hour chart has been followed by declining price and volume, forming a rounded top pattern. A short-term pullback appears likely, with key support levels at $2.30–$2.26 and $2.10 if buyer interest continues to wane.
Technical indicators paint a cautious picture. The rejection at the local peak and movement toward short- and medium-term EMAs suggest weakening momentum. Yet the daily chart maintains a bullish structure, with XRP holding above critical 100- and 200-day EMAs and confirming a breakout from its descending trend.
