XRP Open Interest Returns To May 2025 Low — New All-Time High Soon?

XRP's open interest has dropped to levels last seen in May 2025, according to on-chain analysis. This decline typically signals the removal of speculative positions, potentially leading to stronger market stability. Historically, a similar drop in open interest in May 2025 preceded a significant price rally for XRP. The analyst suggests that history may repeat itself, potentially triggering another upward rally for XRP. Key support levels to watch are between $2.20 and $2.40, with a breach potentially leading to a drop towards $1.85 or even $0.60-$0.70. A sustained 25% increase in open interest is needed to confirm a new bullish trend. If this occurs, a breakout above the $2.80-$3.00 resistance range could strengthen bullish momentum. A further breakout above $3.30-$3.50 could initiate a price discovery phase, targeting $4.20-$4.50. Currently, XRP is valued at approximately $2.61, showing a recent increase.