- XRP is holding steady at $2.60 as a $1 billion surge in futures open interest and increased whale accumulation signal strong bullish momentum.
- With key technical indicators supporting the uptrend, traders are eyeing a potential breakout above $3.00 despite the risk of short-term volatility.
XRP is enjoying a strong uptrend, fueled by a dramatic rise in speculative interest. With bulls setting their sights on the $3.00 mark, recent developments suggest growing confidence in XRP’s short-term potential.
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Futures Open Interest Signals Growing Trader Confidence
In the past week alone, XRP futures Open Interest (OI) has jumped by more than $1 billion, according to Glassnode. This 41.6% surge pushes OI to a three-month high of $3.42 billion, indicating increasing trader activity and speculation around the token.
$XRP Futures Open Interest has surged by over $1B in the past week, rising from $2.42B to $3.42B (+41.6%). This sharp increase in leverage coincides with a price rally from $2.14 to $2.48, suggesting elevated speculative activity and growing directional conviction, pic.twitter.com/QbsaOM9oxE
— glassnode (@glassnode) May 13, 2025
While OI surges, XRP maintains a solid position at around $2.60. The price has risen steadily since April’s drop to $1.61, supported by both whale accumulation and improved market sentiment.
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Whale Activity Adds Fuel to the Rally
Santiment data reveals that whale wallets holding between 10 million and 100 million XRP now control 12.22% of the supply—up from 10.76% in mid-March. Meanwhile, the largest holders, with over 1 billion XRP, have increased their stake from 37.53% to 39.13% in just over a week.
This rising whale activity suggests renewed confidence and increased risk appetite. If this trend continues, it could help XRP break above the psychological $3.00 level. However, any abrupt profit-taking by these large investors could result in a sharp correction.
Market Indicators Reflect Bullish Momentum
Technical indicators support the ongoing rally. XRP trades above the 50-day ($2.26), 100-day ($2.24), and 200-day ($2.02) Exponential Moving Averages. The MACD line remains above the signal line with expanding green histograms, reinforcing the bullish trend.
The Relative Strength Index (RSI) at 69.71 is nearing overbought territory. This signals strong upward momentum, but also a cautionary note—overbought conditions can lead to short-term pullbacks, especially if traders begin locking in profits.
Outlook: Can XRP Hit $3.00?
With XRP currently stable at $2.60 and strong technical support, the outlook remains optimistic. A breakout above $3.00 is within reach if bullish momentum holds and whale buying persists. Still, traders should brace for potential volatility as market dynamics shift.
XRP’s recent performance is backed by surging futures interest and whale accumulation. If current trends persist, a push past $3.00 may be more than just speculation—it could become reality.
