XRP Price Surge Imminent? Open Interest Hits All-Time High as Next Target Looms
XRP's chart is flashing bullish signals—just as open interest smashes records. Traders are piling in, but will the momentum hold?
Key levels in sight
The pattern suggests a breakout target, though skeptics whisper 'another fakeout'—because in crypto, even gravity takes coffee breaks.
Liquidity hunters circle
With derivatives activity at ATHs, the market's either priming for a squeeze or setting up bagholders. Place your bets wisely—Wall Street’s ‘risk management’ playbook remains conspicuously absent.
Open interest has jumped to a record high | Source: CoinGlass
XRP price technical analysis
The daily chart shows that the Ripple price has staged a strong comeback this year. It moved from a low of $1.6100 in April to $3.54 today. It has remained above the 50-day and 200-day Exponential Moving Averages.
The coin has formed a cup-and-handle pattern, with its lower side at $1.61 and its upper side at $3.40. This gives it a depth of about 52%.
Measuring the same distance from the cup’s upper side gives the target price at $5.2, much higher than the current $3.5. A drop below the support at $3 will invalidate the bullish view.
