XRP’s Push to $3: Record Open Interest, Squeeze Signs Now Emerge

XRP price shows strong rally potential towards $3, outperforming rivals with recent surge. XRP Open Interest surged over $1B in one week (Glassnode); analyst BorisVest notes OI rise. Bullish XRP technicals (Bollinger Band breakout, rising OBV) suggest short squeeze potential. After months of sideways action and volatility compression, XRP shows strong signs it may be preparing for a massive rally towards the $3 price level. The altcoin is already outperforming its rivals, posting a 3.77% surge in the past 24 hours, a key indicator of why XRP price is going up in May 2025. According to analyst BorisVest on CryptoQuant’s Quicktake, XRP recently saw its Open Interest (OI) plunge from an all-time high of $1.5 billion to $530 million. This dramatic drop flushed out over-leveraged positions. Now, however, a new trend is taking shape for XRP: Open Interest is rising again alongside price. This suggests traders are confidently betting on XRP’s next big move. Glassnode data powerfully confirms this shift. XRP Futures Open Interest has surged by over $1 billion in just one week. It climbed from $2.42 billion to $3.42 billion (a +41.6% jump), while the XRP pric… The post XRP’s Push to $3: Record Open Interest, Squeeze Signs Now Emerge appeared first on Coin Edition .

Source: Coin Edition