XRP Open Interest Drop Signals Potential Price Surge
Crypto analyst CryptosRus highlights a significant drop in XRP's open interest on Binance, reaching lows similar to May 2025. Historically, such conditions led to price rallies, with XRP previously reaching $3.50. Currently, the price is around $2.63.
- The decline in open interest suggests reduced leverage, with strong holders retaining their positions.
- If new liquidity enters the market, it could trigger another price surge.
- Low leverage, strong spot demand, and trapped shorts are typical precursors to rallies.
Evernorth, a major XRP treasury company, has accumulated $1 billion in XRP, planning further purchases, potentially impacting the altcoin's price.
The potential approval of spot XRP ETFs by the SEC could introduce additional liquidity, enhancing price movements. Experts predict higher inflows compared to previous Ethereum ETFs.
XRP’s Potential Rally
- Analyst Ether suggests XRP is poised for a substantial rally, reminiscent of past cycles.
- Following a strong 2024 surge, XRP's price was rejected at its 2017 ATH and retested 2021 levels.
- The current accumulation phase may precede a parabolic run.
As of now, XRP is trading at approximately $2.63, showing recent price increases.
