- The article highlights how XRP futures open interest surged 36% to $2.89 billion, signaling growing investor confidence despite volatile market conditions.
- However, XRP faces a critical test at the $2.60 resistance level, with a successful breakout potentially leading to $3.00–$3.40, while failure could trigger a pullback to $2.00 or $2.25.
The cryptocurrency market has been buzzing as XRP futures open interest skyrocketed by 36% in just two weeks, reaching a staggering $2.89 billion. This surge signals growing investor confidence, but the big question remains—will XRP bulls break past the crucial $2.60 resistance level, or is a pullback on the horizon?
A Bullish Signal or a Trap?
The sharp increase in XRP open interest reflects a bullish outlook, with investors seemingly prepared for more market activity despite the volatile environment. According to Glassnode, XRP futures contracts soared from $2.12 billion to $2.89 billion, a 36% jump in a fortnight. However, the $2.60 resistance level has proven challenging in the past, and failing to clear this hurdle could invite selling pressure, potentially triggering a retest of $2.00 or $2.25.
Market sentiment remains cautious as global macroeconomic uncertainties and trade war concerns weigh heavily on investor decisions. The upcoming days will be crucial for XRP, with traders closely monitoring whether it can maintain momentum or face a sharp correction.
XRP Price Prediction: Bulls Eye Key Levels
As of March 28, 2025, XRP is trading at $2.2671, struggling under significant downward pressure. The Relative Strength Index (RSI) at 24.42 indicates oversold conditions, suggesting a possible short-term rebound. However, the Moving Average Convergence Divergence (MACD) indicator shows negative momentum, pointing to continued bearish sentiment.
A failure to reclaim $2.3100 could pave the way for a decline toward $2.2500. Conversely, a recovery in RSI and a move above $2.3900 could spark renewed bullish energy, targeting $2.3300 to $2.3500. Bulls will need strong volume and conviction to break above $2.60.
Future Outlook: Momentum or Correction?
While the 36% surge in open interest underscores trader optimism, the $2.60 resistance remains a formidable challenge. If XRP can breach this level, a push toward $3.00–$3.40 is possible. Otherwise, a retracement to $2.00 or $2.25 looms large. Institutional interest and futures positioning offer hope, but macroeconomic threats and legal uncertainties continue to cast shadows over XRP’s path forward.
The coming days will determine XRP’s fate. Will the bulls prevail, or is a pullback inevitable? Traders are watching closely as the battle for $2.60 intensifies.