XRP Breaks $3 Billion in Open Interest — What’s Next for the Price?

Updated

April 7, 2025

Gambar XRP Breaks $3 Billion in Open Interest — What’s Next for the Price?

Jakarta, Pintu News – In the last 24 hours, interest in Ripple has increased significantly, indicating a bullish outlook for the altcoin. Data from CoinGlass shows that open interest for Ripple (XRP) has surged beyond $3 billion, signaling a large increase in traders’ bets on the cryptocurrency.

Check out the full analysis here!

Ripple (XRP) Open Interest Increase

The latest data from CoinGlass reveals that open interest for Ripple (XRP) has reached an impressive $3.61 billion in the last 24 hours. This spike indicates a significant increase in traders’ interest in this altcoin.

This is often interpreted as a strong bullish indicator, suggesting that many market participants are optimistic about Ripple’s (XRP) future price performance.

If $XRP can stay above the key $2 level, a 30% move toward the channel’s upper boundary at $2.60 could be next! pic.twitter.com/tBXV0Y28De
— Ali (@ali_charts) April 5, 2025

Ali Martinez, a crypto analyst, has stated through a post on X that if Ripple (XRP) can hold above the $2 level, then there is likely to be a 30% increase towards the upper limit of the channel at $2.60. This prediction adds more evidence that Ripple (XRP) might experience a significant price rebound in the near future.

Also read: Top 10 Cryptos Ready to Lead the Rally in April 2025

Ripple (XRP) Price Prediction

Apart from Martinez, another crypto analyst, CasiTrades, also gave an optimistic prediction. According to CasiTrades, if Ripple (XRP) manages to break above $2.24, then this altcoin has the potential to rise to $2.70. Such an increase could pave the way for Ripple (XRP) to reach a new record high price.

However, market analysis from CoinGape shows that Ripple (XRP) is currently at a crossroads. The wedge pattern formed could lead to a 70% drop or a surge of up to 700%.

Rex, another crypto analyst, also indicated that there will be a bullish reversal for Ripple (XRP) in the near future. According to him, this upcoming breakout is one of the most obvious plays in this cycle, with a potential price increase of up to $2.9.

Two-Way Scheme for Ripple (XRP)

Egrag Crypto, a crypto analyst, stated that the price of Ripple (XRP) could either fall to $0.65 or surge up to $17. This is based on the Ascending Broadening Wedge formation currently occurring on the altcoin. Egrag Crypto emphasized that Ripple (XRP) needs to close above $3.50 to get off to a good start.

If Ripple (XRP) reaches the $5 range but does not close above it convincingly, this scenario is likely to happen. Egrag Crypto asserts that Ripple (XRP) should retest $1.90 after being rejected from the $5 range.

After that, the altcoin must try again to close above $5, ideally reaching $6 and closing above that level. If successful, Ripple (XRP) will likely surge to double-digit figures in the next two to three weeks.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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