
XRP price skyrockets 10.77% overnight, eyes fresh ATH above $3.84
Ripple has settled $125M fine in its lawsuit against the U.S. SEC
Open Interest at 6-month high hints at strong derivatives activity behind the price rally
XRP has walked into the limelight again after a jaw-dropping 10.77% single-day rally. This has pushed its price to $3.26, just 15.15% shy of its all-time high of $3.84. The meteoric price move comes on the back of bullish technical confirmations and renewed investor optimism.
As Ripple settles its $125 million penalty in the long-running SEC case, sentiment surrounding XRP has shifted sharply bullish. Plus, the growing open interest is another factor. With trading volumes nearly doubling and XRP reclaiming multi-year highs last seen in January 2025, investors are now asking: Can XRP break its ATH in the next 24 hours? If you are among the many who are in the same quest, then this XRP price analysis is a must-read.
Open Interest Soars to Fresh Highs?
XRP’s recent price surge is underpinned by a notable spike in Futures Open Interest (OI), which has hit a 6-month high. As shown in the chart from CoinGlass, open interest has climbed rapidly in parallel with the XRP price. Further, signaling increased participation from traders and speculators alike.
If you are new to the game, high OI levels typically suggest rising trader commitment and can amplify price volatility during strong directional moves. When paired with the current price breakout, it becomes evident that market participants are aggressively positioning for further upside.
XRP Price Analysis
On the daily chart, XRP has decisively broken above the $3.00 resistance. Thereby validating a multi-year technical pattern that had capped prices since early 2025. This breakout has opened doors toward the next pitstop near $3.59, a minor resistance zone before the ultimate psychological and technical barrier at the current ATH of $3.84. Successively, reclaiming this, we can be optimistic about XRP price hitting a new all-time high at $4.
Traders need to take note that the RSI sits deep in the overbought territory at 86.10, reflecting extreme bullish momentum. But also suggesting that a short-term cooldown could occur. However, as long as XRP holds above the $2.88โ$3.00 support zone, bulls are likely to remain in control.
FAQs
With strong volume, rising OI, and momentum above $3, XRP has a high probability of testing its ATH soon.
XRP must clear the interim resistance around $3.59 before challenging the ATH of $3.84.
Yes, if it stays above the $2.88โ$3.00 support and derivatives interest remains high, the rally could extend further.
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