Open interest of XRP increased by 36% in two weeks – or the shoot? Or building a momentum?

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XRP trads above key support levels after a few days of intensive variability powered by macroeconomic fears and increasing trade war concerns. From March 11, XRP jumped by over 35%, showing signs of renewed strength when the bulls are trying to regain higher price levels and ignite a fresh rally. This movement appears at a time when the wider Altcoin mood remains breakable, without a clear direction for the market in the coming weeks.

Despite the uncertain landscape, the last price of XRP attracted the attention of both traders and analysts. One of the most significant achievements is the rapid augment in the capital of driving XRP term contracts. According to data in the Glassnode chain, the total capital intended for Futures XRP contracts increased by 36% in just two weeks. This augment in open interest indicates the growing trust of traders and suggests that many position for greater advantage.

Despite this, macro levels and technical resistance levels are challenging. In order for XRP to keep the shoots, the bulls must store the current levels and continue pressing on key blemishes. Because variability can remain high, all eyes are on the next XRP movement, because market pressure is still increasing.

XRP Bulls Breakout among market uncertainty

XRP is at a crucial moment, and the price action has early signs of strength that can lead to a sedate breakthrough – if Bulls manages to regain key levels. After 35% rape from March 11, the token now stands in the face of powerful resistance zones that could either cause a powerful rally or confirm that the investor’s concerns about the bull’s trap. A wider market context only increases uncertainty.

From the end of January, financial markets – including cryptographic – were shocked by the growing fears of the trade war and irregular signals of politics from US President Donald Trump. This instability meant that traders became more cautious, and many questioned whether the current Altcoin profits can be maintained. Sales pressure remains a threat, and the lack of maintenance levels can quickly reverse the last progress.

Despite these fears, XRP data about the chain and derivatives suggest that the stubborn shoot is building. Best analyst Ali Martinez released x The fact that the total capital intended for Futures XRP contracts increased by 36% in just two weeks, increased from $ 2.12 billion to $ 2.89 billion. This augment in interest reflects the increased trust from salesmen and suggests that many positions further growth.

XRP Futures Open interest Source: Ali Martinez on X
XRP Futures Open interest Source: Ali Martinez on x

However, confirmation is still needed. XRP must recover critical resistance zones and maintain its profits to avoid deeper withdrawal.

Bulls defends key service for $ 2.25

XRP currently trads $ 2.35 after a few days of unsuccessful attempts to break above the resistance level of USD 2.60. This price zone turned out to be hard to overcome, with repetitive rejection maintaining a stubborn momentum. For XRP to initiate a powerful upward movement, the bulls must recover $ 2.60 with conviction – a breakthrough that can cause an augment towards the upper limit of its current range.

Medium -scale price testing Source: Chart XRPUSDT on TradingView
Medium -scale price testing Source: Chart XRPUSDT on Tradingview

At a higher time, XRP remains closed in a clear weekly range between the level of 2 USD support and USD 3.40 resistance. This scope has defined the price campaign for weeks, and traders carefully observe a breakthrough in both directions. The 2.60 USD level is just below the average range, which makes it a critical recovery point to get control of the trend.

However, if the bulls do not keep the USD 2.25 support zone, it is likely to return back towards the bottom of the range. Division below USD 2.25 can open the door to a re -USD 2 – key psychological and structural support. Until then, the next essential XRP movement depends on whether the buyers can push the resistance of the past or submit a sales pressure.

Recommended photo from Dall-E, Tradingview chart

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