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XRP has gained significant momentum over the past several days, posting a sharp 24% rally since last week as bullish sentiment returns to the broader crypto market. With Bitcoin holding above $100K and Ethereum reclaiming the $2,200 mark, altcoins like XRP are beginning to show strength after months of subdued performance. Analysts are now calling for a potential breakout, emphasizing the importance of XRP reclaiming key resistance levels in the coming days to confirm a sustained move higher.
Fueling this optimism is new data from Glassnode revealing a dramatic surge in XRP Futures Open Interest. The metric has climbed over $1 billion in just one week, rising from $2.42 billion to $3.42 billion—a 41.6% increase. This spike suggests a growing wave of speculative interest and directional conviction among traders.
As leverage builds, all eyes are on XRP’s next move to determine whether this momentum can evolve into a full-blown rally. The rise in open interest alongside price appreciation often points to sustained bullish intent, adding weight to calls for a continued surge. With volatility returning to the altcoin market, XRP could be gearing up for one of its most critical breakouts in months.
XRP Leads With Strong Momentum And Rising Leverage
XRP is emerging as one of the strongest performers in the market, displaying remarkable resilience during recent downtrends and now showing clear strength in the current bullish environment. After consolidating through volatile conditions, XRP has surged above the $2.50 level, firmly positioning itself as a leader among large-cap altcoins. The price action remains tight, with bulls continuing to test the $2.60 zone while bears are unable to push the price below the new support levels formed near $2.35.
This price compression, combined with broader market optimism, suggests that XRP may be gearing up for a major move. With Bitcoin consolidating near its all-time highs and Ethereum testing crucial resistance zones, analysts are paying close attention to XRP’s trajectory. The altcoin market is heating up, and XRP’s technical structure hints at a bullish expansion phase if current levels are maintained or reclaimed with volume.
Supporting this bullish outlook is recent data from Glassnode, showing that XRP Futures Open Interest has soared by over $1 billion in the past week. It jumped from $2.42 billion to $3.42 billion—a 41.6% increase—coinciding with a price rally from $2.14 to $2.48.
This surge in leverage underscores growing speculative interest and strong directional conviction among traders. Elevated open interest, particularly when paired with upward price movement, often signals sustained momentum and institutional participation. With XRP firmly above key support and showing signs of renewed investor confidence, the next few sessions could be pivotal for determining whether XRP will finally break out into a new macro trend.
Price Action Signals Strength Amid Market Momentum
XRP is showing strong bullish momentum as it continues to trend higher, currently trading around $2.55. The chart reveals a well-established uptrend, with XRP recently breaking above key resistance levels and holding above both the 200-day Simple Moving Average (SMA) and Exponential Moving Average (EMA), currently at $2.13 and $2.02, respectively. This alignment of moving averages below the current price reinforces the bullish structure.
Over the past two weeks, XRP has surged more than 24%, confirming higher lows and higher highs in the process. After briefly stalling at $2.60, the price is now consolidating with low volatility just below that level—indicating potential for another breakout if buying pressure resumes. Volume also picked up significantly during the initial leg of this move, signaling strong interest from market participants.
The next resistance level to watch is near $2.80, which marked a major rejection zone earlier in the year. On the downside, the $2.35 zone has now turned into strong support and would be a critical level for bulls to defend if momentum weakens.
Featured image from Dall-E, chart from TradingView
Sebastian’s journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.
To share his insights with others, Sebastian became an active contributor to online discussions on platforms like X and LinkedIn. His focus on fintech and crypto-related topics quickly established him as a trusted voice in the online crypto community. Sebastian’s goal was to educate and inform his audience about the latest trends and insights in the rapidly evolving crypto landscape.
To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance and decentralized finance. The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.
Sebastian’s passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K reports, or engaging in thought-provoking discussions about the future of finance.
Sebastian’s journey as a crypto pioneer has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable contributor to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and helping to shape the future of this revolutionary technology.
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