XRP Surges to $1.40 as Open Interest Explodes and Whales Accumulate XRP has made a powerful move back toward the $1.40 mark, reaching a psychological price level last seen in February as bull
XRP has made a powerful move back toward the $1.40 mark, reaching a psychological price level last seen in February as bullish momentum returns across the market.
According to CoinCodex data, XRP is currently trading at $1.39, marking a 38.9% gain over the past seven days. The sharp rally comes as trading activity, derivatives positioning and whale accumulation all point to growing interest in the asset.
Market analyst Xaif Crypto has also highlighted what he described as an increasingly interesting setup for XRP. Data from CryptoQuant shows Binance open interest surging to 263 million, even as XRP's price pushes sharply higher.
Well, the positioning data becomes particularly notable when compared with cumulative volume delta (CVD). XRP's perpetual futures CVD sits at -$514 million, while spot CVD is also deeply negative at -$194.8 million. At the same time, open interest is climbing rapidly.
What does this divergence show? Well, it could signal shifting market positioning and sets the stage for potentially larger price swings as traders adjust their bets.
XRP’s rally is also unfolding alongside a notable development on the payments front.
XRP is now available on BitPay Wallet, allowing users to buy, sell, swap, send, receive and spend the cryptocurrency directly through the self-custody wallet.
As a result, this integration gives XRP another route to mainstream users just as trading activity heats up. XRP’s trading volume has also climbed above $13.5 billion, highlighting the renewed attention surrounding the asset.
Whale activity is adding another bullish picture. Following XRP’s breakout from a two-week trading range, large holders reportedly accumulated 190 million XRP in a single day.
The buying has coincided with increased activity across the XRP Ledger, reinforcing the view that larger market participants may be positioning for further upside.
With XRP touching the $1.40 zone, Binance open interest climbing, whales accumulating and wallet access expanding, the rally has several catalysts behind it.
The next major test is whether XRP can decisively break through $1.40 and turn the psychological resistance level into support. A successful reclaim could put higher resistance zones firmly back in focus.
