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XRP has registered a significant rise within the last 24 hours as investors rekindle their bet on the coin. CoinGlass data shows that open interest has surged to over $4.03 billion as 1.93 billion XRP were committed to the futures market by traders on different exchanges.
Notably, a total of 4,050,000,000 XRP were committed; the coin held steady and traded above its $2.05 support. In the crypto market, open interest signals positive anticipation of a possible price rebound from traders. Hence, this uptick suggests that traders are bullish about XRP.
XRP, despite its recent volatility, has managed to stay above $2. The coin climbed from a daily low of $2.08 to $2.15 as it attempted to reach higher levels. As of this writing, XRP changes hands at $2.10, which represents a 0.46% increase in the last 24 hours.
Although the coin has potential for more upside, investors have not thrown their full weight behind XRP. Trading volume remains down by 30.51% at $2.67 billion. XRP’s Relative Strength Index (RSI) signals accumulation momentum might be building, and if volume jumps, a breakout above $2.15 is possible.
While the broader market investors anticipate this breakout, traders on the CME and Binance exchanges are leading in their bet on XRP. CME traders bet $894.70 million or 425.88 million XRP on the futures market, while Binance logged 293.13 million XRP valued at $615.52 million.
Other significant exchanges include Gate, Bybit and Bitget with 12.95%, 10.53% and 10.4% of total open interest. In fiat terms, these committed $524.46 million, $426.54 million and $421.12 million, in that order, to XRP’s future.
As reported by U.Today, within the last 48 hours, an aggressive whale went long on XRP and has bet $30 million on the asset. The whale’s activity on-chain has caught the market’s attention because, in December 2025, he timed the Bitcoin dump to get a major boost in investment.
These developments signal that XRP might be preparing for a bullish rebound that could see the price reclaim stronger levels.
XRP’s technical signal, the Bollinger Band, indicates that the coin’s mid-band hints at a continued bullish trend. If this positive signal lingers, it could support the anticipated rally.
Meanwhile, there has been an increase in on-chain activity that involves treasury movement, settlement demand and institutional testing on XRP Ledger. Such a spike in network activity could trigger a price gain in the long run.
