Old Point Financial's 15-min chart triggered Bollinger Bands Expanding Upward, Bullish Marubozu

According to Old Point Financial's 15-minute chart, the Bollinger Bands are currently expanding upward, accompanied by a bullish Marubozu at 08/26/2025 13:15. This indicates that the market trend is being driven by strong buying activity, and as such, buyers are likely to maintain control of the market. As a result, it is probable that bullish momentum will continue.

CME Group’s XRP futures have hit a significant milestone, reaching $1 billion in open interest in less than four months. This rapid growth, the fastest for a new contract, signals a surge in institutional demand for XRP derivatives [1]. The broader crypto futures suite at CME has also crossed $30 billion in open interest, with both XRP and SOL futures exceeding $1 billion in notional value [1].

The recent price action of XRP has been volatile, trading between $2.84 and $2.96 on August 25, with a sharp drop from $2.96 to $2.84 during evening hours. The token rebounded to $2.92, indicating renewed institutional interest. Technical indicators suggest that XRP has found critical support at $2.84, with resistance levels at $2.94–$2.95. The Relative Strength Index (RSI) has moved from an oversold reading to the mid-50s, and the Moving Average Convergence Divergence (MACD) histogram is narrowing, indicating a potential bullish crossover [1].

Traders are closely watching the $3.70 level as the next potential target for XRP, provided the current price base between $2.90 and $2.92 holds. A break below $2.80 could accelerate losses. The $1 billion open interest in XRP futures is being viewed as a key barometer of institutional sentiment and may serve as a catalyst for further price movements [1].

Despite ongoing regulatory pressures in the U.S., XRP continues to attract attention due to corporate adoption and pilot remittance programs. The recent derivative milestone underscores XRP’s evolving role in the institutional crypto landscape [1].

References:
[1] XRP Futures Set Open Interest Record at CME, With $3.70 Eyed Next Derivative milestone comes as spot XRP weathers sharp $2.96–$2.84 swing on 217 million volume and institutional flows step back in (https://www.coindesk.com/markets/2025/08/26/xrp-futures-open-interest-tops-usd1b-at-cme-fastest-ever-for-new-contract)