XRP Open Interest Surges to Record Levels as Price Tests $1.50 Resistance

Ripple’s native XRP token has yet to decisively breach the $1.50 resistance level, hovering just above this key threshold. Data from major exchanges, including Binance and Coinbase, indicate that heightened participation in leveraged markets is underpinning the current bullish trend.

This activity has propelled Open Interest (OI) to record highs. On Binance, the 1.3% monthly growth in unsettled contracts represents the most significant expansion since August 2025. However, analysts caution that rising open interest often follows a rally rather than driving it independently.

Negative Cumulative Volume Delta Signals Underlying Strength

Market participants appear to be positioning for a break above $1.50 toward the $1.80 resistance zone. A critical metric supporting this view is the Cumulative Volume Delta (CVD), which has plunged to deeply negative levels across major exchanges, sliding from -$2.27 billion to -$2.7 billion.

Over the past two weeks, Binance open interest climbed from approximately $210 million to $276.5 million—a 32% increase—according to CryptoQuant research. Historically, similar CVD extremes have preceded bullish price reversals. The current open interest trajectory mirrors patterns observed during previous upward moves.

In April 2025, deeply negative funding rates preceded a roughly 65% rally from $1.60 to $2.65, while comparable bearish funding setups in late 2024 were followed by sharp upside rebounds. This suggests the recent double-digit price appreciation occurred even as aggressive sellers dominated both Binance-led XRP derivatives and the broader centralized exchange spot market.

Long Positions Face Outsized Liquidation Pressure

Futures markets continue to present challenges for XRP bulls. Liquidation data reveals $2.76 million in long positions were wiped out, compared to $1.97 million in short liquidations.

While bullish momentum has attracted new capital into both long and short positions, the price recovery from August lows has mechanically inflated the notional value of open positions, according to CoinGlass data.

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