XRP’s market structure is flashing a familiar setup that previously triggered explosive rallies.
According to CryptosRUs, open interest on Binance has dropped back to levels not seen since May 2025, a period that preceded XRP’s surge from $0.70 to $3.50.
This renewed reset suggests that speculative leverage has been flushed out, leaving the market dominated by “strong hands.”
Despite the drop in open interest, XRP is still holding firm above $2.60, showing resilience even as traders de-risk. Analysts interpret this as a bullish sign, as low leverage combined with solid spot demand often marks the foundation for the next leg higher.
“If new liquidity enters, this setup could flip into a breakout,” CryptosRUs noted, adding that the last time XRP saw such conditions, it “went vertical.”
Key Levels and On-Chain Data
Supporting this view, Ali Martinez highlighted two critical levels to watch: support at $2.15 and resistance at $2.80. His on-chain data reveals dense clusters of realized prices around these zones, indicating where large volumes of XRP changed hands, a key factor for upcoming volatility.
Two key levels for $XRP:
– Support at $2.15
– Resistance at $2.80— Ali (@ali_charts) October 26, 2025
If XRP breaks above $2.80, it could confirm a trend reversal and ignite renewed momentum similar to its mid-2025 rally. Conversely, losing $2.15 support could trigger short-term liquidation pressure before a potential recovery.
Market Outlook
For now, with leverage reset, shorts trapped, and spot accumulation visible on-chain, XRP’s technical and structural setup appears primed for its next decisive move.