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

XRP, the cryptocurrency associated with Ripple, has been experiencing a period of sideways movement, with its price remaining relatively stable since the start of 2025. This lack of significant price movement has been accompanied by a notable surge in futures open interest, which has reached a multi-month high. This increase in open interest suggests that there is growing speculation and interest in XRP among traders, despite the lack of price volatility.

According to Vlad Hryniv, XRP is coiling within a large symmetrical triangle, signaling growing pressure for a major move. With $2 serving as strong structural support, the setup favors a bullish breakout once consolidation tightens. The market analyst added that XRP’s caught between the 50-day MA ($2.22) and 200-day MA resistance ($2.36). Bulls and bears are playing a waiting game — neither wants to push it too far. RSI confirms: no overbought or oversold extremes, just calm before the storm. Hryniv believes that the next major catalyst for XRP could be a favorable outcome in the Ripple vs. SEC case, paving the way for relisting on U.S. exchanges. Combined with rising institutional demand through RippleNet’s On-Demand Liquidity and continuous XRP Ledger enhancements, such as the recent XRPL EVM Sidechain, are poised to renew XRP’s momentum and broader utility.

XRP’s futures open interest (OI) surged to its highest level in five months, signaling 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. 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 Binance. 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, institutional inflows, and a technical breakout. Ripple’s applications for a U.S. banking license and progress on potential ETF approvals remain pivotal. 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.