XRP Open Interest Reset Signals Major Price Rally Ahead

Crypto analyst CryptosRus has identified a critical development in XRP’s derivatives market that previously preceded massive price appreciation. The open interest on Binance has dropped back to the same lows witnessed in May 2025, a period that sparked a dramatic rally pushing XRP to $3.50. What makes the current situation particularly noteworthy is that while leverage has been flushed from the market, XRP’s price is holding strong around $2.60, indicating that long-term holders remain committed despite the derivatives reset.

According to CryptosRus, this setup represents an ideal scenario for the next leg up. “Leverage is gone while the strong hands are still holding XRP,” the analyst noted, adding that rallies typically ignite when three conditions align: leverage is low, spot demand is strong, and shorts become trapped. The current market structure suggests that if new liquidity enters the XRP ecosystem, the stage is set for significant upward movement, potentially mirroring the explosive gains seen in previous cycles.

Adding fundamental weight to the technical setup, XRP is witnessing unprecedented institutional demand through Evernorth, the largest XRP treasury company. Backed by Ripple, Evernorth has already accumulated up to $1 billion in XRP and revealed plans to continue purchasing the asset on the open market using gains from its DeFi activities. This systematic buying pressure is expected to directly impact XRP’s price dynamics, creating a sustained bid in the market that complements the technical bullish signals.

Meanwhile, regulatory developments are adding another layer of potential catalysts. The SEC is expected to approve spot XRP ETFs once the U.S. government shutdown concludes, a move that could unlock substantial new liquidity into the asset. Industry experts, including Canary Capital’s CEO Steven McClurg, have predicted that XRP ETFs could see more inflows in their first month than the Ethereum ETFs managed, suggesting significant pent-up demand from traditional finance investors waiting for regulated exposure to the asset.

Technical analyst Ether has identified what he describes as a “striking similarity” in XRP’s cyclical structure that suggests history may be repeating itself. Following XRP’s 2017 rally, the asset’s price was rejected from the 2013 all-time high level before retesting the 2014 ATH level, which had previously acted as resistance. After accumulating strength in that range, XRP began its parabolic run that captured global attention.

The same pattern appears to be playing out again, according to Ether’s analysis. After the strong surge in 2024, XRP’s price was rejected at the 2017 ATH level and has since retested the 2021 ATH level, which previously served as resistance. The analyst notes that the “power accumulation phase is now underway in this region” and that once this consolidation completes, “the next parabolic run will be inevitable.” This technical perspective aligns with the fundamental and derivatives data, creating a multi-faceted bullish thesis for XRP’s near-term prospects.

With XRP currently trading around $2.63 and showing strength despite the open interest reset, market participants are watching closely for signs of the anticipated breakout. The convergence of reduced leverage, institutional accumulation through Evernorth, potential ETF approvals, and favorable technical patterns creates what analyst Ether describes as a setup that could “melt faces” – suggesting most market participants aren’t prepared for the potential magnitude of the coming move.