XRP saw a 12% surge in open interest within 24 hours, reaching around $1.36, a signal that often precedes a rally according to historical market data. In a notable move, a single entity accumulated over $35 million worth of XRP across major exchanges like Coinbase, Bitstamp, and Kraken in under an hour. However, technical indicators suggest the asset remains in a bearish structure, consolidating within a $1.30 to $1.50 range and facing resistance at key moving averages.
XRP’s open interest jumped 12% in 24 hours while trading near $1.36. Historical market data indicates such a sharp move on Binance previously preceded a price rally.
Market participants appear to be positioning for potential action. Bears could be over-exposed, meaning even modest buying might spark upward momentum.
A coordinated accumulation of over $35 million in XRP occurred within one hour. According to analyst Dom, a single entity purchased 156 identical lots on Coinbase in under 48 minutes, worth $23.4 million.
Similar buying activity was observed on Bitstamp and Kraken. This implied a potential coordinated buying effort by a major player.
Despite the market interest, XRP’s technical structure remains bearish. The asset has been in a downtrend since late 2025, currently consolidating between $1.32 and $1.34 after a February decline.
The 20-day simple moving average sits at $1.41, above the current price, acting as resistance. The Bollinger Bands are narrowing, suggesting low volatility and a potential buildup for a larger move.
The RSI is consistently in the 38-40 range, indicating bearish pressure. The MACD line is also heading toward zero, signaling the current upward move is losing strength.
XRP is trading in a key range of $1.30 to $1.50 where accumulation is occurring. A decisive break above $1.50 to $1.52 on high volume would be needed for a potential reversal.
A drop below the $1.30 support could lead to further downside, targeting $1.15 to $1.20. Moving above $1.41 to $1.45 could indicate an attempt to move higher, but a rally to the mid-$1.50 range is needed for significant upward momentum.
