Cryptoquant sees XRP a possible ascension amid the high open interest and the seller’s absorption

Cryptoquant data shows the high open interest, neutral financing and seller’s absorption – in potential upscarcase designs.

Over the past seven days, the XRP price chart reflects a fixed steady trend, climbing from $ 2.00 to approximately $ 2.60. The most important height on May 12, when the original touched the original for a weekly height before merge it slightly less than that peak.

At the same time, the current market signals indicate that the price movement alone may not be fully acquired Xrp Modern movement.

Open XRP attention and market morale’s switching

Cryptoquant analyst, Boris Sitra, I mentioned Future XRP activity on Binance shows signs of alignment in speculation.

After reaching the open interest at all $ 1.5 billion, the number decreased sharply to 530 million dollars, which led to the removal of many excessive situations. Now, open attention is directed again to the top, pointing to the renewal of the participation of traders and potential fluctuations.

Specifically, the open interest of XRP 730 million dollars exceeded, according to the Cryptoquant scheme.

While climbing open benefits, the financing rate remained neutral. This indicates a balance between long and short situations. However, the analyst highlighted that short situations are increasing gradually with the continued high prices. This separation indicates that the moderately effective pressure is valid, which leads to pushing the original to the top in the absence of public purchase pressure.

Meanwhile, the purchase/sale/sale of Binance Taker, which is currently 0.91, reflects aggressive sale. Nevertheless, the price of XRP remained relatively stable. According to Cryptoquant, this indicates that sales orders are absorbed, which is a bullish sign.

According to To a jacket, this style of quiet accumulation at the bottom of the surface indicates that market participants may communicate with a possible upward step.

Pressure ascending despite mixed positions

Coinglass derivative data adds another layer to the market snapshot. Over the past 24 hours, the total short rank has reached $ 2.70 million. It is worth noting that the last four hours revealed an increase in the short qualifiers – 170,000 dollars, compared to only 23,000 dollars in a long period. It is worth noting that the last hour alone witnessed $ 105,000 in the short pants that were eliminated for $ 183 in long positions.

This short -term liquidation pattern indicates high upward pressure, even in the market that is still widely decisive.

Looking at the broader picture, the total references of more than 24 hours reached 6.13 million dollars, with $ 3.42 million in long positions and $ 2.70 million in short pants. Although the long phase is a little bit of short pants in general, which indicates that some traders may have excessive upward parking, the balance is still tending towards a volatile but perverted market.

This analyst raises long -term price speculation

Separately, market analyst “DK64Trades” High The dominance of the XRP market through the courses. He noted that in January 2018, XRP was traded at $ 3.84 with 31.33 % dominance. On the other hand, when XRP reached $ 3.34 in January 2025, hegemony was only 5 %.

DK64trades note that the current XRP dominance is still much lower despite similar price levels. Accordingly, he expected that the return to previous domination levels could mean a significant growth in the market.

If XRP regains the hegemony of 2018, the assessment resulting from $ 1.04 trillion can correspond to the price near $ 17.8, given the current maximum of the Crypto global market of $ 3.33 trillion.