Ripple’s XRP token is holding firm around $2.60 as of May 14, 2025, extending a multi-week uptrend. The cryptocurrency’s stability comes amid a massive $1 billion surge in futures open interest, signaling strong trader confidence and speculation on further gains.
XRP futures open interest tops $3.4 billion
Data from Glassnode shows XRP futures open interest (OI) spiked 41.6% in one week—climbing from approximately $2.42 billion to a three-month high of $3.42 billion. This rapid increase suggests rising leverage and directional conviction among traders betting on a continued rally.
Open interest represents the total value of unsettled futures contracts and is a key measure of market speculation. Rising OI typically reflects growing risk appetite and bullish momentum, particularly when combined with positive price action.
Whale activity confirms bullish sentiment
Santiment data shows large holders are accumulating XRP aggressively. Wallets holding between 10 million and 100 million XRP now control 12.22% of the circulating supply—up from 10.76% in mid-March. Meanwhile, wallets with over 1 billion XRP increased their share from 37.53% to 39.13% in early May.
This accumulation phase suggests institutional and high-volume traders anticipate further price gains, adding weight to projections of a breakout above $3.00.
Technical indicators support breakout potential
XRP is currently trading well above its key support levels:
- 50-day EMA: $2.26
- 100-day EMA: $2.24
- 200-day EMA: $2.02
The Moving Average Convergence Divergence (MACD) indicator on the daily chart remains bullish. The MACD line is above the signal line, and expanding green histograms confirm upward momentum.
XRP’s Relative Strength Index (RSI) stands at 69.71, approaching overbought territory. While this suggests strong buying pressure, it also warns of a potential short-term pullback if traders begin to take profits.
What’s next for XRP?
With bullish technicals, rising open interest, and renewed whale interest, XRP appears positioned to test resistance near $3.00. However, traders should be prepared for increased volatility as futures volume has dropped from a $19.3 billion peak to $10.75 billion—potentially signaling a short-term pause in momentum.
If a pullback occurs, key support levels to watch include $2.50, the 50-day EMA at $2.26, and the 200-day EMA at $2.02.
Key takeaways
- XRP is trading at $2.60 with a bullish technical setup.
- Futures open interest jumped over $1 billion in a week, signaling growing speculation.
- Whale accumulation continues, reflecting strong confidence in the asset.
- A breakout toward $3.00 remains in focus, but short-term volatility is possible.