XRP Price Update: Surging Open Interest Sends XRP Toward $3 Breakout, What’s Next?

Speculative interest has surged to levels unseen since the post-inauguration rally, with $2.1 billion in open interest fueling bullish XRP price forecasts. Better-than-expected US inflation data and a US-China trade agreement have revived risk-on sentiment, opening the doors to fresh retail liquidity.The 20% weekly climb solidifies XRP’s escape from a 5-month-long downtrend. Clear of this hurdle, XRP has stronger in the “best crypto to buy” conversation. Open Interest Hits Post-Inauguration Rally LevelsAn analyst at CryptoQuant, Boris Vest, noted that XRP futures data on Binance shows that speculation is making a comeback.While still far from the post-inauguration rally’s $1.5 billion peak, XRP is currently seeing levels parallel to the early onset of the post-election rally at $940 million. XRP Open Interest. Source: CryptoQuant.The surge suggests the return of retail liquidity, with traders actively participating in XRP price moves. With recent FUD easing, the door has opened to bullishness.More so, the analyst highlighted a Taker Buy/Sell Ratio reading of 0.91 as a reflection of aggressive selling. Yet, XRP’s price stability suggests these sell orders are being absorbed.According to Vest, this pattern of quiet accumulation beneath the surface suggests that market participants may be positioning ahead of a potential upward move.XRP Price Analysis: How High Could the Surge Go?The weekly surge coincides with the breakout from the falling wedge pattern that has defined the multi-month XRP price downtrend.XRP / USDT 1-day chart, falling wedge pattern. Source: TradingView / Binance.If momentum continues, the pattern sets a breakout target around $4, representing a potential 53% surge from current prices.This outlook is supported by the MACD, which continues to widen its lead above the signal line—often an early sign of a sustained mid-term trend.That said, the sharp upward move has pushed the RSI to near-overbought conditions at 69, and an upward move beyond this point could exhaust buying pressure and give way to a correction. However, a short-term correction is a natural next step to ensure the stability of the longer-term uptrend. Consolidation around the Immediate $2.50 support could be a necessary breather for the next leg up. Looking further ahead, the coming month presents some major catalysts with the approval deadline of US XRP spot ETFs on June 17. Spot ETFs are viewed as key drivers of liquidity and institutional adoption for digital assets. After launching, BTC ETFs accounted for an estimated 75% of new Bitcoin investments.How Traders Can Get Ahead of Rallies like XRP’sThe altcoin market is pumping right now, and those who back the wrong horse are missing out on substantial gains as most coins loom far below their highs just four months ago. That’s where MIND of Pepe ($MIND) steps in, giving traders a chance to get in early and stay ahead of high-gaining opportunities.The Mind of Pepe AI will actively engage with the crypto community through X—driving conversations, uncovering alpha opportunities, and delivering exclusive, token-gated insights.Inside its Telegram community, holders get early access to high-potential tokens before they hit the market, keeping them ahead of the curve.At the time of writing, MIND has raised over $9.25 million in its ongoing presale, capitalizing on the Pepe brand and one of this cycle’s strongest meme coin narratives: AI agents.You can keep up with MIND of Pepe on the mentioned socials, or join the presale on the MIND of Pepe website.The post XRP Price Update: Surging Open Interest Sends XRP Toward $3 Breakout, What’s Next? appeared first on Cryptonews.