Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
XRP price dips to $2.54 but open interest hits $5.49B, signalling bullish pressure

XRP price dips to $2.54 but open interest hits $5.49B, signalling bullish pressure

CoinjournalCoinjournal2025/05/13 21:33
By:Coinjournal
XRP price dips to $2.54 but open interest hits $5.49B, signalling bullish pressure image 0
  • MACD crossover supports bullish trend continuation.
  • XRP holds key support at $2.50, eyes $2.71 price target.
  • A break below $2.50 could push the price down to $2.29.

XRP has declined slightly to $2.54 in the past 24 hours, but rising open interest signals that traders may be preparing for a potential rebound.

According to derivatives data, open interest in XRP futures has surged to $5.51 billion, its highest level in three months, suggesting increased speculative activity and renewed bullish pressure even as the price cools.

Open interest refers to the total number of active derivative contracts that have not yet been settled.

When it rises alongside—or in spite of—price fluctuations, it often indicates new capital entering the market and a build-up of leveraged positions.

Despite the mild price correction, market participants appear to be positioning for a larger move.

XRP price dips to $2.54 but open interest hits $5.49B, signalling bullish pressure image 1 Source: CoinMarketCap

MACD indicator shows a bullish setup

Technical analysis further supports the case for an extended rally.

The Moving Average Convergence Divergence (MACD) indicator, a widely followed tool to assess market momentum, shows XRP’s MACD line well above its signal line.

This type of crossover is considered a bullish trigger by many traders.

The positive MACD setup suggests that buyers are currently in control.

If momentum continues to build, XRP could attract more volume, increasing the likelihood of a price breakout above the current range.

That said, this scenario would only remain valid if the token avoids slipping below key support levels.

Support at $2.50 remains crucial

XRP’s short-term outlook will hinge on its ability to maintain the $2.50 support zone.

A successful retest of this level could create enough buying pressure to retest the March high of $2.71.

Such a move would further reinforce the bullish trend, especially if open interest and volume continue to rise.

However, if the price fails to hold above $2.50, there is a risk of a deeper pullback.

The next significant level of support is located at $2.29, which could act as a price floor in the event of increased selling pressure.

Traders shift focus to XRP derivatives

While much of the broader crypto market remains subdued, XRP’s outperformance has shifted attention to its derivatives market.

The sharp rise in open interest reflects a renewed appetite for speculative positioning, particularly among traders looking to capitalise on short-term price moves.

The rally also arrives at a time when XRP has remained largely range-bound for several weeks.

The recent uptick in derivatives participation may signal a change in sentiment, with institutional and retail investors seeking exposure through leveraged instruments.

As always, the sustainability of the rally will depend on several external factors, including broader market sentiment, regulatory developments around Ripple, and macroeconomic cues.

But with open interest climbing and bullish technical patterns in place, XRP could continue to lead gains, at least in the near term.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin’s Latest Price Drop: The Result of Shifting Macro Policies and Changing Institutional Attitudes

- Bitcoin fell 33% in late 2025 after hitting $126,080, driven by Fed policy shifts and institutional outflows. - Fed hesitation over rate cuts and delayed jobs data reduced December cut odds, triggering risk-off sentiment. - $3.79B ETF outflows and Solana migration highlighted Bitcoin's liquidity sensitivity amid regulatory uncertainty. - S&P 500 declines and $2B in futures liquidations amplified Bitcoin's November selloff amid macro-institutional convergence. - Long-term adoption by Harvard/Metaplanet an

Bitget-RWA2025/11/29 08:22
Bitcoin’s Latest Price Drop: The Result of Shifting Macro Policies and Changing Institutional Attitudes

Bitcoin News Today: Macro Trends and Artificial Intelligence Drive ARK's Steadfast $1.5 Million Bitcoin Wager

- ARK Invest maintains $1.5M Bitcoin price target despite volatility, increasing investments in tech stocks and crypto assets like Alphabet, Coinbase , and its ARKB ETF . - Fed easing and institutional adoption drive Bitcoin's macro-driven shift from speculative asset to tradable class, with JPMorgan projecting $240K long-term target. - AI innovation and infrastructure investments (CoreWeave, Meta) reinforce ARK's bullish thesis, while Bitcoin ETF liquidity expansions aim to boost institutional participati

Bitget-RWA2025/11/29 08:22
Bitcoin News Today: Macro Trends and Artificial Intelligence Drive ARK's Steadfast $1.5 Million Bitcoin Wager

Solana News Today: MOVA's Regulatory-Focused Approach Reshapes the Financial Blockchain Sector

- MOVA challenges Ethereum/Solana with DAG-based ledger enabling asynchronous finality and scalable payment concurrency for real-time settlements. - Protocol-native compliance features like KYC/AML interfaces and invoice NFTs address institutional auditability concerns absent in retrofit solutions. - Role-based node architecture mirrors traditional finance's separation of duties, contrasting homogeneous structures in decentralized chains. - Prioritizing reliability over peak TPS metrics aligns with financi

Bitget-RWA2025/11/29 08:22
Solana News Today: MOVA's Regulatory-Focused Approach Reshapes the Financial Blockchain Sector

Klarna’s Stablecoin Avoids SWIFT to Reduce International Transaction Expenses

- Klarna launches KlarnaUSD, a USD-pegged stablecoin on Stripe-Paradigm's Tempo blockchain, becoming the first digital bank to issue a token on the platform. - The stablecoin aims to cut cross-border transaction costs by bypassing SWIFT and will initially operate internally before a 2026 mainnet rollout. - This move aligns with Klarna's strategic shift from BNPL to digital banking, leveraging blockchain to diversify revenue amid declining stock performance. - Regulatory frameworks like the U.S. GENIUS Act

Bitget-RWA2025/11/29 08:22
Klarna’s Stablecoin Avoids SWIFT to Reduce International Transaction Expenses