XRP News Today: XRP Futures Open Interest Surges 33% Amid Bullish Sentiment

XRP has been trading sideways since the beginning of 2025, with market participants adopting a cautious approach. This sideways movement is characterized by a wait-and-see attitude, as neither bulls nor bears are willing to push the price too far in either direction. The price of XRP is currently caught between the 50-day moving average ($2.22) and the 200-day moving average resistance ($2.36). The Relative Strength Index (RSI) indicates that there are no overbought or oversold extremes, suggesting a period of calm before a potential significant move.

Market analyst Vlad Hryniv notes that XRP is forming a large symmetrical triangle, which signals growing pressure for a major move. The $2 level serves as strong structural support, and the setup favors a bullish breakout once consolidation tightens. Hryniv believes that a favorable outcome in the Ripple vs. SEC case could be the next major catalyst for XRP, potentially leading to relisting on U.S. exchanges. This, combined with rising institutional demand through RippleNet’s On-Demand Liquidity and continuous enhancements to the XRP Ledger, such as the recent XRPL EVM Sidechain, could renew XRP’s momentum and broader utility.

While reaching $5 in 2025 is considered a stretch, a breakout above the $3.50–$4.00 range would signal strong momentum and open the door to new all-time highs, especially if regulatory clarity and adoption trends align. Additionally, Ripple Labs' ambition to seek a national bank charter from the Office of the Comptroller of the Currency (OCC) could position the company as a regulated U.S. banking entity, further expanding its influence in cross-border payments.

XRP’s futures open interest (OI) has surged to its highest level in five months, indicating renewed trader enthusiasm. Data shows that cumulative open interest across major exchanges briefly reached 800 million XRP, the strongest since January 19 this year. Although it has since settled around 743 million XRP, this still marks a 33% increase from the late June low of 555 million XRP. Open interest represents the total number of active futures contracts, and a rising OI, especially when paired with stable or rising spot prices, indicates fresh capital flowing into the market and growing conviction.

In this case, the bullish tilt is even more pronounced, as reflected by consistently positive funding rates, occasionally annualizing above 10%, and a long/short ratio near 1.9:1 on major exchanges. Technical analysts have flagged a breakout from a weekly bullish pennant, a classic chart formation often followed by sharp moves. This mirrors earlier patterns witnessed between April and May 2025, where a similar OI jump preceded a 65% price rally. The current pennant breakout targets $3.20–$3.40, estimating upside potential of 40%.

Key events that could trigger the transition from futures optimism to real gains include regulatory clarity, such as Ripple’s applications for a U.S. banking license and progress on potential ETF approvals. Additionally, sustained positive funding rates and an increasing long bias suggest that large investors are positioning for a breakout. A decisive close above the pennant’s upper trendline (near $2.40–$2.45) would likely catalyze the next leg toward the psychological price.

With XRP open interest in perpetual futures hitting a five-month high, backed by strong funding rates and bullish sentiment, technical patterns suggest a breakout toward the $3.20–$3.40 range, with triggers coming from regulatory developments and institutional flows. Therefore, this remains a bullish setup on watch with both significant upside potential and attendant risks.